Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
2:20 pm
Mr. Kieran Wallace:
They are not responding to any engagement whatsoever. Of the 78% who are corresponding with us, by the end of next week we will have restructures done for 44% of those borrowers. Some 42% is work in progress where we are actively encouraging borrowers to work with us to resolve their restructure. We are still waiting for information from 14% of those borrowers to progress the restructure.