Results 6,081-6,100 of 26,032 for speaker:Kieran O'Donnell

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

Kieran O'Donnell: By a receivership?

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

Kieran O'Donnell: So virtually all of the 2,569 will be receiverships.

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

Kieran O'Donnell: How many properties could they involve? Could they be single properties?

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

Kieran O'Donnell: This issue is coming up with us. Of the 800 receiverships, could they typically involve one property?

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

Kieran O'Donnell: Why would AIB go ahead and appoint a receiver in respect of a single property?

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

Kieran O'Donnell: So AIB is taking a very aggressive attitude on the buy-to-lets. Would that be a fair point?

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

Kieran O'Donnell: How many of those receiverships would be in positive equity?

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

Kieran O'Donnell: This issue has arisen and spread across to home loans.

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

Kieran O'Donnell: People in positive equity have raised the issue with us. Typically, when they fall into arrears it would appear, on the face of it, to be an advantage to the bank to effectively move to repossess by way of repossession through the courts in terms of a home loan or receivership in terms of a commercial property such a buy-to-let. In that instance, from the bank's viewpoint, because the...

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

Kieran O'Donnell: Banks operate very sophisticated financial systems. Twenty per cent of the buy-to-let loans that are 90 days or more in arrears have ended up in receivership, which strikes me as pretty high, and over 30% of the proposals that are involved in legal proceedings are in the buy-to-let category. The proof is in the eating or the pudding or whatever. I apologise; my word choices are not quite...

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

Kieran O'Donnell: How many of the 1,106 split mortgage home loans were in positive equity?

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

Kieran O'Donnell: What happens if someone arrives into the bank when they are in this particular situation? Is Mr. O'Connor saying that his bank does not differentiate between somebody in positive and negative equity when seeking a loan?

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

Kieran O'Donnell: Someone in positive equity has two routes open to them.

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

Kieran O'Donnell: What solutions does the bank offer to people who have positive equity but are in arrears?

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

Kieran O'Donnell: There is a view among the public that there is a paradox regarding positive equity. Is one worse off if one is in positive equity rather than negative equity in terms of the banks? I shall outline what I mean and the delegation can answer both questions together. The code for mortgage arrears mentions that the banks have the option of providing a bonus as an incentive to people to deal...

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

Kieran O'Donnell: I hope not.

Public Accounts Committee: Business of Committee (10 Apr 2014)

Kieran O'Donnell: We should ask for another date.

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: I thank the witnesses for appearing before the Committee of Public Accounts today. It is regrettable and extremely unfortunate that neither Ms Kerins nor Mr. Flannery sought to appear before the committee. The message must go out loud and clear that no one person or two people are bigger than any one organisation. I ask the witnesses how they feel about the fact that neither Ms Kerins or...

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Does Mr. Kerr feel let down?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: How many years has Mr. Kerr been a director of the Rehab Group?