Results 13,041-13,060 of 26,081 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Is it fair to say all split mortgages have been included in Project Glas as non-performing loans?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: I am trying to reconcile the figures; 18,300 of the 30,000 loans are included in Project Glas. How many split mortgages on homes are not included in the figure of 11,700? How is the 11,700 made up? Mr. O'Sullivan is giving me a jumble and then tells me that the bank has made some exemptions. I deal in figures and think Mr. O'Sullivan probably has them. I would like him to give them to me.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: A total of 4,300 have been included in Project Glas.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: How can 1,000 split mortgages be kept out? There appears to be the element of a lottery and ordinary mortgage holders looking in are saying-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: How many splits are there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: The witness is referring to the 10,000 residential mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: The portfolio that is currently for sale totals €3.7 billion. That figure is agreed. It comprises 4,000 buy-to-let properties, approximately 10,000 untreated residential properties-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: -----and 4,300 properties secured by split mortgages. The information that we have been given in point No. 1-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: I am trying to help the witness as well.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: The witness is speaking about the 4,300 figure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Why were 1,000 splits held back, and what was the criteria used?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: There are no splits in any of those.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: The Single Supervisory Mechanism, SSM, has come back and asked whether Permanent TSB has the latitude to interpret what is regarded as a performing loan.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: This arises because of the agreement reached regarding split mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Is it possible, based on interpretation, that a situation may arise where split mortgages would be deemed to be performing mortgages - which they are, in essence, as they are based on the agreements at the time - and they will not form part of this sale to the vulture funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: How long ago did Permanent TSB write to the SSM?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Can the witnesses say, for the ordinary person, why they have not gone over to meet the SSM? I am assuming they are not meeting them. The consequences for people are huge. There are petrified people out there. This applies to people with various types of mortgage, for example, those with split mortgages who most likely went through a painstaking process with Permanent TSB, including...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: Have the witnesses met with the SSM?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: When was the most recent meeting?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB (22 Mar 2018)
Kieran O'Donnell: With due respect to the witnesses they have already put out a tentative invitation to various funds - including vulture funds, and some Irish banks, I hope - to purchase these loans. Included in that portfolio are 4,300 split mortgages that are working. This is like pulling teeth, because we are pushing the witnesses and going down alleys to extract information. We accept the point that...