Ruairi Quinn (Dublin South East, Labour) | Oireachtas source

We have rebalanced the rights of borrowers and lenders under the biggest shake-up of personal insolvency law in a century and we have given those who bought their first homes during the bubble significant increases in mortgage interest relief. All the tools are in place to accelerate the work out of the mortgage crisis. Banks and borrowers need to use these tools to reach fair and sustainable solutions to mortgage arrears on a case-by-case basis. We cannot allow the economic recovery to bypass families in mortgage arrears. We cannot leave 100,000 families in limbo because they have no certainty about their financial situation. There is a solution and process available to people who cannot pay their mortgages.

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