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

4:30 pm

Ms Ann Nolan:

I do not have enough insight into the actual contractual interest rates that Irish Nationwide, which is the originator of most of these loans, had in place. I am not clear as to what conditions exist that would allow the purchaser of the loans to increase interest rates. Obviously, it would be a matter of concern if a very aggressive line was taken but I could not speak to whether or what we could or should do about that or whether ---