Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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Earlier this week New Beginning made a proposal outlining that it had investors behind it where they would buy up many of the really troubled mortgages in arrears and they would be able to offer solutions such as mortgage to rent to keep people in their homes by hook or by crook in a way that the banks seemed to be unable to do. How can it do this? While what it is doing would not be my ideal solution, it is interesting that it has big investors who are willing to put money into this option and saying they will keep people in their homes. Why can they do it and the banks cannot?