Results 2,581-2,600 of 7,789 for speaker:Michael Fitzmaurice
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: I would like to ask Mr. Ryan for clarification about the agreements that are to be reviewed in three years. If the incomes and standard financial statements are the same, will Pepper be willing to continue with those agreements until the loans are finished?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: The Chairman and I are used to dealing with different banks and vulture funds in various situations. The witnesses will be familiar with different names like Capita and Promontoria. I would like Mr. Ryan to explain something to me. What is the chain when a public representative who is representing someone who may be in financial difficulty talks to Pepper? Is Pepper a middle man like...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: We would deal with Pepper.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: We are getting letters about the mortgage to rent scheme at the moment. A person who is eligible for social housing is obviously eligible to participate in the scheme in a distress scenario. At the moment, councils in one county - we are waiting on others - are writing to people to tell them that even though they are eligible for mortgage to rent and for social housing, and even though they...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: Who is going to pay? Did Mr. Ryan hear what I said about the councils?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: The councils have written to the housing bodies to say they think certain properties are too rural. Obviously, they do not want to cough up to assist these people, even though they are eligible for social housing. What will Pepper's medicine be in such circumstances?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: I have already said I am talking about someone who is eligible. My understanding is that the council pays the difference between the rent and the total. If the council is saying that the property is too rural, what will Pepper's solution be?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: What are the other solutions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: What are the other ones?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: That is fine, but I am trying to establish what Pepper will take. In the councils at the moment, it is €10 for the first €100 and €20 after that. For the sake of argument, a case involving €500 would involve €90 a week or €360 a month. If a council says to Pepper in a case involving a €700 mortgage payment that it is too rural, who pays the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: What medicine will Pepper administer to people in middle Ireland who are in difficulty with their mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: Mr. Ryan said earlier that 4,000 houses are in one category and 2,000 houses are in another category. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: On average, what percentage of those 4,000 cases are warehoused?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: I am looking for the percentage of warehousing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: Right. I thank the witnesses.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: Can I come in at this point?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: I would like to put a quick question to Mr. Masding. The figure for called non-performing loans for Permanent TSB is down at 10% . Can Mr. Masding explain this to me? There is talk that pressure is coming from the European Central Bank and from the Central Bank. Has the Permanent TSB been put under pressure to get rid of non-performing loans? It seems from the figures I am looking at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
Michael Fitzmaurice: Is the board of the bank looking at the percentages?