Results 2,561-2,580 of 4,002 for speaker:Rose Conway Walsh
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: I know that. That is not the question I asked. The question I asked was in respect of the details of the contract.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: That is grossly unfair and it puts people in a very precarious position. They have often been enticed into investing in a separate property in the first instance rather than in a pension. Their homes are then at risk when the mortgages are being sold off.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: I am not reassured. What has Permanent TSB done with the buy-to-let properties it has taken back?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: Did the bank offer them to the Government to form part of the housing solution?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: Has it bought any?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: Are they being sold to Government at a discounted rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: The borrower is out of the picture at this stage. The assets have been reclaimed while the bank is mostly owned by the taxpayer, which is to say by citizens and the Government.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: Does the bank have an obligation to contribute to solving the housing crisis given the part banks like Permanent TSB played in the crisis in the first instance?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: Is there any protection for people in circumstances where the bank sells a property with a tenant living in it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: When did the bank start to offer these properties to the Government?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: None of the purchases has been completed by the Government.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: That is eight months. We are in a housing crisis and seven or eight months after the bank offered the houses to the Government, it has still not completed any transaction.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: It is something we need to take up. It is no wonder that we have a housing emergency if it is taking seven to eight months to reach agreement on some of these properties. When we have 10,000 homeless people, it raises wider questions. I refer to the comment that rating agencies such as Moody's have welcomed the move. These are the agencies which told us Anglo Irish Bank seemed profitable...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: It is not my perception. It is the fact of their assessment of Anglo Irish Bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: An endorsement by Moody's does not carry any weight.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: I ask Mr. O'Sullivan to give us a geographic breakdown of the properties that are for sale. How long would it normally take the bank to sell a property that was not being sold to the Government or its agents? I find it astounding that eight months on-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: Can Mr. O'Sullivan not give a geographic breakdown?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: I have a short "Yes" or "No" question. Can a non-performing loan be turned into a performing loan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: The witnesses were implying that it could not but Mr. O'Sullivan is now saying that it can.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
Rose Conway Walsh: Does the bank have specific criteria for that to happen? What needs to happen?