Michael McGrath (Cork South Central, Fianna Fail)
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In the past year, Permanent TSB sold mortgages relating to approximately 20,000 properties. Almost 13,000 of them were owner-occupier mortgages. That raises many concerns for those directly affected because many so-called vulture funds do not offer the full suite of mortgage restructuring solutions. For example, although Mr. Masding will argue that the protections follow and that borrowers are fully protected, can he give any reassurance to existing owner-occupier mortgage holders within Permanent TSB that there will be no further loan portfolio sales to these funds?