Results 7,381-7,400 of 26,737 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Let me put it to Mr. O'Sullivan in a different way. A media report says that shortly after the project Glas loan sale, it emerged that 1,050 mortgages on family homes were included in the sale and were performing or were meeting the terms of their restructured arrangement. Is that true?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Why not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: It is not a statement, it is a report. Never mind where it came from but it says that 1,050 mortgages on family homes were included in the sale and were performing loans or were meeting the terms of their agreed restructured arrangement. Is that true or false?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: This is what is being said of project Glas.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Never mind by who; is it true or false? Is the statement true or false?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: There are no performing loans, so this is wrong.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: That is okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: The bank classified them as non-performing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Were loans that were restructured and for which the debtors were abiding by their restructured arrangement sold?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Was there nothing that the bank could do to prevent those 1,050 loans from going from the bank to a vulture fund? Did the bank exhaust every avenue with its customers? Did it get the three different projects that-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Can we just stick with this for a moment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: The bank exhausted all the options. We will see about that. The witnesses have said that Start offers solutions that high street banks do not offer. What are those solutions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Where did that information come from?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: What the witnesses are saying regarding the portfolio that Permanent TSB sold is that Start Mortgages may offer options that are better than those offered by Permanent TSB. They are saying that there is proof available that they offer solutions which include write offs. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: That is correct.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Whatever way one wants to phrase it. The witnesses constantly refer to the taxpayer and the best deal for the Irish taxpayer. The bank has sold off thousands of loans and some mortgage holders may end up losing their homes. There may be a tsunami of repossessions, in spite of what the witnesses say. These very same people will then end up on housing waiting lists, looking for homes to be...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: That is the total figure. Out of that 1,800, sales have been agreed on 330. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Reference was made to a figure of 500. To what did that relate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: There are 408 properties being prepared. Did the Government buy any of those 1,800 houses?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: The Government has bought none of the houses in the stock to which we are referring. Is that the case?