Brian Lenihan Jnr (Dublin West, Fianna Fail)

Other elements contained in the proposed national house mortgage service are already reflected in the code on mortgage arrears.

Deputy Flanagan stated in the House yesterday that 18 repossession orders were granted by the courts earlier this week. I do not dispute this figure. However, it is not clear how many, if any, of these repossession orders apply to owner occupiers. It is abundantly clear from media reports, however, that most repossessions involve sub-prime lending, which by its nature is much more risky than ordinary mortgage lending. Repossession orders affect tenanted properties as well.

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