Results 1,201-1,220 of 1,760 for speaker:Aideen Hayden
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: Yes, but it is not in place.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: Will the witnesses confirm there is not a single regulatory framework for this, as it stands?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: Not this particular area.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: There was an earlier question relating to the crystallisation of loss. The witnesses mentioned that insurance policies could encourage lenders to move to a loss crystallisation as soon as possible to lower arrears, interest and, ultimately, the claim. They explained to my colleague that they would work through the various different processes and so forth. There are three individual...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: Is that common among all insurers? Is there a standard policy document indicating that is the way it will happen?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: How is that policy document arrived at? Do the companies collaborate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: It is a standardised policy for all insurers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: The companies all offer identical products, effectively.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: From that perspective, they are offering identical products.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: In the opinion of witnesses, the regulation is adequate. For example, we have a code of conduct on mortgage arrears that protects the consumer. I want to establish whether what the companies are offering to the banking sector will not undermine that in any way and there will be a commonality of approach.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: I am afraid of running out of time so I will put two questions together. From an individual borrower's perspective, it seems the insurance company would make decisions in respect of the borrower and not the bank. That is in respect of the extent to which people are regarded as a risk. My second question relates to the help-to-buy scheme in the UK. There has been a very mixed reaction to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: Are the witnesses willing to work with all Irish mortgage lenders?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: Is Mr. Crone saying that his company would negotiate with each lender on a case-by-case basis?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: That does not necessarily mean that his company will work with all of them.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: I have another question on this issue, if I may. Our local authorities also lend money. Would the witnesses be prepared to work with them in providing mortgage insurance products?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: This is the second session of the consideration of mortgage insurance in an Irish context. We have invited a number of witnesses to discuss issues regarding mortgage insurance. The format of the meeting will be a round table discussion. I welcome the witnesses, who will make their opening statements in the following order: Mr. Brendan Burgess, from askaboutmoney.com; Mr. Paul Joyce, from...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: I thank Mr. Burgess. The next speaker will be Mr. Paul Joyce from FLAC.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: I thank Mr. Joyce. The next speaker is Mr. Karl Deeter, from Irish Mortgage Brokers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: I now invite Dr. Ronan Lyons, economist, Trinity College Dublin, to make his presentation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)
Aideen Hayden: Irrespective of whether Mr. Deeter has to leave the meeting I must move on.