Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

The number of mortgage arrears over 90 days has quadrupled since 2009. It is getting much worse by the day. The Governor of the Central Bank said last week that despite all our efforts far too many arrears cases still remain untreated. Essentially, what he said was tantamount to an admission of failure on this issue. Up to 35,000 proposed resolutions offered by the banks to the end of June referred to surrender or repossession of property.

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