Results 16,261-16,280 of 27,945 for speaker:Michael McGrath
- Written Answers — Department of Finance: Banking Sector Regulation (6 Feb 2018)
Michael McGrath: 146. To ask the Minister for Finance if the Central Bank has restrictions on the length of mortgages provided to different age cohorts of persons; if similar restrictions exist within the State-supported banks; if so, the details of such restrictions; if there is an upper limit on the age a person can be and still have a mortgage; and if he will make a statement on the matter. [5817/18]
- Written Answers — Department of Finance: Mortgage Applications Data (6 Feb 2018)
Michael McGrath: 147. To ask the Minister for Finance if the Central Bank collects data on mortgage refusals by mortgage lenders here; if so, the most recent data for same by the reason for the rejection; and if he will make a statement on the matter. [5818/18]
- Written Answers — Department of Public Expenditure and Reform: Departmental Properties (6 Feb 2018)
Michael McGrath: 169. To ask the Minister for Public Expenditure and Reform the number of properties (details supplied) that remain in public ownership; if there are plans for their sale on the open market; and if he will make a statement on the matter. [5941/18]
- Written Answers — Department of Education and Skills: Schools Building Projects Status (6 Feb 2018)
Michael McGrath: 219. To ask the Minister for Education and Skills the status of the acquisition of a site for a permanent school building for a school (details supplied) in County Cork. [5929/18]
- Written Answers — Department of Health: Medical Card Drugs Availability (6 Feb 2018)
Michael McGrath: 390. To ask the Minister for Health the entitlement of a person (details supplied) to accessing morphine patches under the medical card scheme. [5720/18]
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: I thank Mr. Masding for his opening remarks and welcome him and his colleagues. I will start with the treatment of those who lost their homes as a result of this issue and those who were subject to legal proceedings. To tease out the issue of the independent review panel which the bank set up, it hears cases in which there was a loss of ownership or the account holders were involved in...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: Yes, but how many appeals were lodged with the independent review panel.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: That is the number of appeals lodged.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: Therefore, all of the appeals were either fully or partially upheld.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: Just to be straight, 40 appeals were lodged with the independent review panel, the specific panel for customers who had been impacted on by the tracker mortgage scandal and who had either lost their home or were the subject of legal proceedings by Permanent TSB.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: Every one of the appeals was upheld, either fully or in part, by the independent review panel.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: That ignores the fact that this was not the first step in the process. They had been identified some time earlier as being those worst impacted. In many cases, they lost their homes. They were made an offer of redress and compensation, which they accepted or rejected, but then they decided to appeal it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: In every case that appeal was upheld. That makes a complete mockery of the first stage in the process.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: I get all of that. Is Mr. Mitchell saying it was always the case that the person in each of those instances was going to go to appeal? Is that the point?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: What were they offered initially?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: Is Mr. Mitchell saying that it was made clear in each case that a customer should appeal?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: The term "appeal" in this case is really a misnomer, from what Mr. Mitchell is saying. It was an integral part of the process. Every case where the home was lost was going to end up in this review panel.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: What if a customer who had lost her home did not appeal? Is Mr. Mitchell saying that was not possible? As it happens, they all did.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: Why was that extra step necessary? That is the point I am getting at. Why was that imposed in this case? Why could the bank not have calculated in the first instance what customers were entitled to and make the best offer of redress and compensation in the first place? These people lost their homes. I imagine the appeals process went on for months and months in some cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Michael McGrath: Why did bank feel the need to have a representative on the other appeals panel, the customer appeals panel? That panel operated where a home was not lost or where the customer was not in legal proceedings with the bank. To my knowledge, Permanent TSB is the only bank that has a nominee on one of these appeals panels.