Results 6,861-6,880 of 9,827 for speaker:Thomas Byrne
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: That brings me on to the mortgage-to-rent customers. Mr. Mason used the word "hope" in this respect, and that is the key word in regard to mortgage-to-rent customers. I think he said that the bank has only completed one. I certainly fault the Government for much of that, but the bottom line is that the first condition of the mortgage-to-rent scheme is that the customers must be approved by...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: How many have looked to participate in a mortgage-to-rent scheme?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: I ask for that figure to be forwarded to us.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: I know that. Mr. Mason is saying that the bank puts forward everyone and that it is not trying to avoid the mortgage-to-rent scheme.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Is the next stage getting the approval of the local authority?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: That is holding it up then, as well as meeting the criteria.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Because the house is too big.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Has the bank had discussions with the Minister of State with responsibility for housing or with the Department of the Environment, Community and Local Government in regard to it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: There has been a reduction from 11,677 to 11,054 in mortgage arrears in the principal private dwellings category. What do those figures mean? Do they mean that 600 people are no longer in arrears? Have they suddenly paid off their mortgage? Have they come into money and been able to get three months of arrears wiped off? Has the bank given them a discount? I noted Mr. Boucher's...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: None. They are all people who have written a cheque to cover three months of their mortgage.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Those customers have brought their arrears down below 90 days.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Less than 90 days.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: How many have done that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: They go into the forbearance process and come out of it. The bank has repossessed 173 homes and there are 130 homes over which it has unexecuted possession orders. There are about 400 in that respect. In that reduction of 600, there are 400 over which the bank has repossession orders and it has executed that order in respect of some of them. Is that included in those figures?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Does the reduction of just over 600 who are 90 days in arrears include the 400 repossession orders?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: If the bank has a repossession order for a customer's home, does it still keep that customer in the 90 days arrears category?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: We have noted that the take-up of split mortgages is very low. The bank has offered them in 17 cases in the buy-to-let category and 81 in the principal private dwelling homes category.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: How are they working out? The terms and conditions that Bank of Ireland is offering are considerably different from those being offered by the other banks, making them apparently less attractive. Will there be a problem in the future with a large interest bill being racked up?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Mr. Boucher said that it is not the bank's policy to offer write-downs and he used language like that. How many Bank of Ireland customers have received a reduction in capital or a write-off of arrears in the past year?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Thomas Byrne: Mr. Boucher does not have a policy but I ask him again how many have received-----