Results 721-740 of 12,033 for speaker:Regina Doherty

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

Regina Doherty: I am loth to say that I find it extremely difficult to believe anyone would voluntarily hand over the keys to the family home and put children out on the road if a sustainable alternative was available that allowed the family to stay in their home. Let us focus on the word "sustainable". What is a sustainable solution in the view of Ulster Bank?

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

Regina Doherty: In that case, if Ulster Bank takes the view that a family cannot afford to stay in their home, I assume the family will not have been offered a sustainable solution because, in the eyes of Ulster Bank, a sustainable solution is not available.

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

Regina Doherty: Not for the 123 people who-----

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

Regina Doherty: My concern is that there are 4,000 people in the queue. The witnesses will probably not have the following information with them.

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

Regina Doherty: Will they furnish to the joint committee information on the alternatives offered to the 123 families who are assisting in a voluntary sale?

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

Regina Doherty: I am sure you appreciate that I am new to the Chair, but I cannot allow you to make accusations against Ulster Bank when its representatives are not here to defend themselves.

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

Regina Doherty: Again, I must caution you Deputy. Ulster Bank's representatives are not here to respond to the points that you are raising, so I caution you not to raise issues when they are not here. It is not fair.

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

Regina Doherty: I thank the gentlemen present for their contributions thus far. I agree with Deputy Michael Creed that the presentation was very impressive, as was the ease with which the delegates could answer most of the questions asked. This is very welcome. However, as the devil is in the detail, I wish to ask a few quirky questions. What does "customer treatment strategy" mean? How is it a solution?

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

Regina Doherty: That is fine. I just did not know what it was, as it was not obvious. Why does AIB not do split mortgages for the buy-to-let market?

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

Regina Doherty: Given that AIB states it does not engage with borrowers legally until they really ignore the bank for a very long time — Mr. Duffy suggested a period of two years — can I assume that since the individuals subject to assisted voluntary sales and enforced judgments on principal residences last year were not engaged with, they were not offered alternatives to the route eventually...

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

Regina Doherty: A total of 3,594 people have received legal letters from AIB, which are nearly a final demand, saying that if they do not this, the bank will take the next step. Would AIB have issued those legal letters if the Central Bank's targets had not been there? This does not just concern AIB. The Central Bank's processes encouraged people to find sustainable solutions. Sending me a letter telling...

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

Regina Doherty: I am looking for direction in practice. It does not specifically relate to these 384 families. Mr. Duffy mentioned earlier that 60% of them have had whatever the value of the home was when it was sold versus what was left on the loan written off and 40% of them have not. How would the bank have determined who got the bit that was left over written off and who did not? I am not asking this...

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

Regina Doherty: The anecdotal evidence from everybody, including the media, is that people want to stay in their family homes. Why would I want to leave the home and bring €50,000 worth of debt with me knowing that I have to rent somebody else's three-bedroomed semi-detached house?

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

Regina Doherty: But they are bringing the burden with them given that 40% of them are not getting a write-down.

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

Regina Doherty: How many of the 2,524 people who are in the legal route with the bank are expected to end up obtaining a judgment? The witnesses mentioned in the past that 50% of the people who get these legal letters engage with the bank. How long is it since these 2,524 people have received legal letters? I assume that if the bank has already engaged, they have not just received their letters....

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

Regina Doherty: I know Mr. Duffy cannot be specific, but what would the bank expect?

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

Regina Doherty: Although it is 1,000 too many - I do not mean to be smart - given that we heard in the past couple of days here and in the media that we are looking at 50,000 repossessions across the country, does Mr. Duffy think those figures have any bearing?

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

Regina Doherty: I am sorry to be rude but Mr. Boucher is contradicting himself.

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

Regina Doherty: On the basis of what Mr. Boucher said, is it the case that he is not volunteering write-downs, but when the bank is forced during a legal process or a bankruptcy process, it makes the write-downs because someone else is telling it to do so?

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

Regina Doherty: But only when Bank of Ireland is absolutely forced to do so by the State through the legal process is the bank writing off people’s debts that they cannot afford.