Results 2,421-2,440 of 5,587 for speaker:Kevin Humphreys

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: Could Mr. Bell share the information regarding the proportion that was written off on the voluntary sales with the committee?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: The opening statement welcomed the de-prioritisation of unsecured loans. How many of the bank's customers who are in arrears also had other borrowings with the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: If I was a customer of the bank and in arrears on my mortgage, the other unsecured loans were written off and I would be able to meet my mortgage repayments because of the change of circumstances, would Ulster Bank write off my unsecured loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: If I am in arrears and in addition to my mortgage owe the bank €100,000 unsecured, if the bank writes off the €100,000 and I can meet my mortgage repayments, will the bank write off the €100,000?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: Many constituents I represent have unsecured loans with credit unions. The credit union loans would be written off. Are banks engaging in the same practice? Is Ulster Bank writing off unsecured loans to enable people to make their mortgage repayments and, if so, by how much?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: I am talking about the unsecured elements.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: So the bank is writing down that element?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: And it is writing it off?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: Does Mr. Bell have data on how many of the buy-to-let properties are secured against small to medium-sized businesses because many people in small businesses bought their buy-to-let properties as part of their pension fund? Did they use their business as security for that loan? Does Mr. Bell have that kind of data?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: It was highlighted last month that there would be a number of small to medium-sized businesses that would have indebtedness. The business is quite viable but the buy-to-let property is a drag on it. Does the bank have data on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kevin Humphreys: However, there is a certain crossover, which is why I asked about the buy-to-let properties.

Written Answers — Department of Arts, Heritage and the Gaeltacht: National Monuments (9 Apr 2014)

Kevin Humphreys: 106. To ask the Minister for Arts, Heritage and the Gaeltacht further to Parliamentary Question No. 152 of 2 April 2014, the procedure by which a preservation order under section 8 of the National Monuments Act 1930 is granted; if the proposed structure has to be in public ownership; the factors taken into account when granting such an order; and if he will make a statement on the matter....

Written Answers — Department of Arts, Heritage and the Gaeltacht: National Monuments (9 Apr 2014)

Kevin Humphreys: 107. To ask the Minister for Arts, Heritage and the Gaeltacht if he will provide a list of the preservation orders granted under section 8 of the National Monuments Act 1930 in 2013, and for each such order, the person who requested it; and if he will make a statement on the matter. [16890/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Kevin Humphreys: I thank the delegates for their presentations and for the large volume of information they provided prior to the meeting which avoided the need for many questions. I know this issue is dealt with as a matter of priority in the banking sector. As was touched on earlier, it is an issue that has arisen with the increase in the number of partnership break-ups and divorces. The bank has what...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Kevin Humphreys: I may not have explained myself correctly. I am referring to where both parties have agreed to this. The examples I have are of cases where both parties have separated, the partnership has broken down, one partner is still living in the home, the loan is performing in that the mortgage repayments are being made, one of the parties has entered another relationship and wants to move on, but...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Kevin Humphreys: That is correct. I ask the delegates to examine that mechanism because quite a large number of people are tied in that limbo such that they cannot progress on with their lives, even though the mortgage has been performing well. Reference was made to two thirds of unsecured loans and that there is an agreement in the banking sector on how to deal with those loans. I cite the example of a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Kevin Humphreys: Will Mr. O'Connor explain what he means by "compromise"?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Kevin Humphreys: Is that the agreement inter-bank? If the €50,000 in unsecured loans was with Bank of Ireland and the mortgage was with AIB, or if the mortgage was with Bank of Ireland and AIB had the €50,000 in unsecured loans, is it the same arrangement?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Kevin Humphreys: Yes, because the family are in arrears.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Kevin Humphreys: There is an agreement that an unsecured mortgage is written off in a case where it is unaffordable?