Results 19,861-19,880 of 26,666 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: Can Mr. Ryan give us the contact details so that those people might email Pepper instead of emailing me?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: We seem to be dealing with Jekyll and Hyde. Pepper has this split personality going on where the commercial properties are dealt with one way while it is real nice and kind to the others. I do not get it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: I wish to ask Mr. Masding how many loans in this sale were transfers where the negotiated position with PTSB is for a period of three, six or 12 months.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: I am referring to instances where PTSB is engaging with the customer and has reached a conclusion that it is going to give him or her this arrangement and review it in three, six or 12 months. How many of those will be transferred to Pepper? Are all of these loans long-term agreements?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: Every one of them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: What does Mr. Masding mean by "long-term agreement"?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: In terms of the period we are talking about, there could be some that will be reviewed in three or five years but there are no short-term, six or 12-month-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: So there is nobody whose loan is being transferred who, in a few months or a year, will find themselves being contacted by Pepper to say their time is up and that it wants to talk to them about the arrangement they have.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: No, it is a question for PTSB. How many of these loans has the bank negotiated whereby when they are transferred to Pepper, it can review these loans negatively? I doubt it would review anything positively.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: As Mr. Crowley checks that, I suggest we take a comfort break for five or ten minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: We will resume our meeting in public session. I call Senator Horkan.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: We are coming to the end now. We will be out of here by 6 p.m. Did PTSB make every effort to adopt the mortgage to rent model or solution before any of these cases went over, or as they were going over?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: I would like to ask Mr. Masding or Mr. Crowley a question that I think I have put to them previously. Do they use the iCare model or a similar-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: PTSB has a couple of clients.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: They use this model. They work on it continuously.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: When Pepper gets a standard financial statement from an individual, does that work in exactly the same way as it would have worked with PTSB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: In Mr. Ryan's opinion-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: In terms of the insolvency rule, the average split is 50% across the loan sale. Was that a very big number from the beginning or did it just emerge because of renegotiation through the years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: What do the witnesses think about the restructuring where parts of the loan were warehoused? Did that give a false sense of hope to the customers who believed they were now in this new arrangement and would be staying with the bank?