Results 2,961-2,980 of 9,823 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: 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-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Thomas Byrne: I would have to draw some conclusions from the statement Mr. Boucher has made that maybe some people are getting them and that he does not want this to be revealed publicly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Thomas Byrne: I will just ask the question again. Could Mr. Boucher provide us with the figures?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Thomas Byrne: Could Mr. Boucher say that no one has got a debt write-down in capital or 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: Could Mr. Boucher tell us how many people did?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Thomas Byrne: But clearly people have received a debt write-down from Bank of Ireland and I would like Mr. Boucher to tell the committee how many have got one.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Thomas Byrne: So Mr. Boucher is not prepared to give the committee the figures in that regard.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Thomas Byrne: Is Mr. Boucher prepared to give the figures to the committee for the amount of write-downs of capital and arrears that Bank of Ireland has given 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: That is standard for banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Thomas Byrne: Sure, but how many bankruptcies have taken place in the past year? Very few. That is not an issue.