Oireachtas Joint and Select Committees
Wednesday, 9 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB
10:20 am
Michael McGrath (Cork South Central, Fianna Fail)
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On page 4 of the slideshow that was presented in advance, it refers to mortgage arrears resolution targets, MART, and non-MART treatments to the end of the first quarter of 2014. The bank has almost 10,000 cases under the general heading of "closure", which then is broken down further. Can the Mr. O'Sullivan reconcile this with the figures provided on the spreadsheet which, in terms of legal proceedings, were considerably lower for both principal dwelling house, PDH, and buy to let, BTL, properties? How can Mr. O'Sullivan reconcile these figures?