Results 6,001-6,020 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Reliefs Application (8 Apr 2014)

Michael McGrath: 129. To ask the Minister for Finance the number of participants and jobs supported by the special assignee relief programme in each year since its inception; and if he will make a statement on the matter. [16420/14]

Written Answers — Department of Finance: Tax Reliefs Application (8 Apr 2014)

Michael McGrath: 130. To ask the Minister for Finance the tax expenditure associated, the number of participants and jobs supported under the foreign earnings deduction scheme in each year since its inception; and if he will make a statement on the matter. [16421/14]

Written Answers — Department of Finance: Single Resolution Mechanism (8 Apr 2014)

Michael McGrath: 154. To ask the Minister for Finance his views on the recently agreed single resolution mechanism for banks; if he is concerned by the size of the fund and the timetable for its creation; and if he will make a statement on the matter. [16625/14]

Written Answers — Department of Social Protection: Invalidity Pension Appeals (8 Apr 2014)

Michael McGrath: 310. To ask the Minister for Social Protection the position regarding an invalidity pension appeal in respect of a person (details supplied) in County Cork. [16626/14]

Written Answers — Department of Environment, Community and Local Government: Local Authority Housing (8 Apr 2014)

Michael McGrath: 363. To ask the Minister for Environment, Community and Local Government the position regarding local authorities providing loans to persons to purchase private properties; if he will provide a list of local authorities participating in any such scheme; and if he will make a statement on the matter. [15972/14]

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

Michael McGrath: I welcome Mr. Brown, Mr. Bell and Mr. Ryan and thank them for forwarding answers to our questions in regard to data to the committee in advance of this meeting. I would like to take up where the Chairman left off. In terms of the statistics provided, the fact that 30% of the bank's mortgage customers who are in arrears of 90 days or more are in the formal legal repossession zone strikes me...

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

Michael McGrath: Is Mr. Brown saying that the vast majority of the 4,323 in the legal repossession area have not engaged at all with the bank? In practice, does that mean they failed to return a telephone call or did not complete the standard financial statement?

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

Michael McGrath: How many cases are currently before the courts?

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

Michael McGrath: At what stages are they, generally?

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

Michael McGrath: More than 3,000 cases are before the courts. Presumably, the remaining 1,000 plus are awaiting a court date.

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

Michael McGrath: How many more of the bank's customers would have received the so-called threatening legal letter, whose case has not progressed to the formal legal process, perhaps, because a solicitor has not been appointed by the bank? There must be another cohort of people who received such a letter but whose case has not progressed further.

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

Michael McGrath: Is Mr. Bell saying that currently more than 6,500 of the bank's customers in arrears have either received a threatening legal letter from the bank or have already progressed to the formal legal repossession process?

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

Michael McGrath: It is incredible that approximately 6,500 of the bank's 14,000 customers in mortgage arrears are essentially in the legal realm. In launching the mortgage arrears targets programme the Central Bank and the Government hoped to generate some action. I am not sure this is the type of action they envisaged.

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

Michael McGrath: I accept that not all of the cases concerned with result in house repossession. Hopefully, the percentage for whom that is the outcome will be low. I expect that is what the bank is working towards.

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

Michael McGrath: It is frightening that approximately 50% of the banks mortgage arrears cases are heading down or are already well advanced down the legal route.

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

Michael McGrath: When one looks at the figures, it is frightening that somewhere approaching 50% of the bank's mortgage arrears cases are heading down, or are already well advanced down, the legal route. It begs the question as to what efforts have been made to prevent them from getting that far. Mr. Bell is putting forward the justification that many of these people have not engaged at all, and they have...

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

Michael McGrath: In light of what Mr. Bell has said, does the bank have individual cases on its books where it has ended up issuing a threatening legal letter or ended up taking them to court because of the pressure to meet certain targets as issued by the Central Bank? In a sense, Mr. Bell is blaming the Central Bank targets for these outcomes because Ulster Bank has been under pressure to meet targets and...

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

Michael McGrath: I have a few brief final questions. Does Ulster Bank apply the insolvency service's cost-of-living guidelines, or does it have its own?

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

Michael McGrath: How many concluded deals under the insolvency service has Ulster Bank been party to, or have there been any?

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

Michael McGrath: Any involving mortgage debt?