Results 6,721-6,740 of 16,492 for speaker:Ciarán Lynch
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: The statistic in relation to people in legal proceedings remains at 4,300.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: These people are engaging with the bank yet it is proceeding to court.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: Mr. Brown said in his opening statement that the bank does not engage in debt write down as part of the resolution process.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: In 4,323 cases, there are legal proceedings before the courts in respect of which repossession may be the outcome. How does Mr. Brown envisage the legacy debt of this being dealt with?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: Am I correct that to date there has not been one voluntary surrender to Ulster Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: Thank you.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: I wish to clarify that figure of the 4,323 people who are now in court proceedings. Does Mr. Bell have the figure to hand, or can he provide it to us, as to how many of them are in positive equity? They may be 90 days in arrears but the property may be in positive equity. Does he have that to hand?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: Could Mr. Bell give it to us please?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: Deputy Dara Murphy and Deputy Regina Doherty want to share time, so they will have seven and a half minutes each.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: I ask the Deputy to put a question. She may contribute again later.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: We do not need specific details right now. We would appreciate it if Mr. Bell could provide a general overview to Deputy Doherty.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: I ask the Deputy to put his final question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: The Deputy is over time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: Can I clarify a few matters before we move on? Is Ulster Bank providing split mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: It has a number of split mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: There are 26 split mortgages in place?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: The target figure for quarter two of 2014 is 75%. As Deputies Pearse Doherty and Michael McGrath, myself and other members have indicated, there is a way that figure could be broken down if one minused the court cases from that. Is it possible to give the committee a breakdown of the court cases being pursued in respect of the number of customers who are in arrears for 90 days or more and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: Deputy Kevin Humphreys drilled down into this issue. As I understand it, when a property is repossessed, the outstanding legacy debt of that is now unsecured debt. Will Mr. Brown clarify that this is the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: Mr. Brown in response to Deputy Pearse Doherty said that he was writing down secured debt, but is unsecured debt being written down when that property is repossessed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Ciarán Lynch: Post repossession whether it is a voluntary or court driven process, is the legacy debt being written down?