Results 20,181-20,200 of 26,228 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: Two thirds of Permanent TSB's mortgage loan book are tracker mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: In terms of the figures Permanent TSB provided, of the 11,707 figure and the 5,300 people the subject of legal proceedings, how many of those were in positive equity?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: In numerical terms, it is 50%-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: Of the 4,230 split mortgage solutions Permanent TSB provided, how many were in positive equity?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: Mr. O'Sullivan, I have limited time. I do not buy that. The banks should have one of the best levels of financial expertise. I have no doubt Mr. O'Sullivan can press a button and the figure for the number in positive and negative equity will come up. I will take it that very few positive equity mortgages are included in that figure. In terms of the question I am asking, if Permanent TSB...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: If someone in arrears is in positive equity, does Permanent TSB sell that property? I will put the question another way. Of the 1,112 assisted voluntary sales, what is the total number in terms of assisted voluntary sales, voluntary surrenders and letters advising legal action? In terms of the repossessions, how many were in positive equity?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: How many of those are in positive equity?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: I have two questions about someone on a tracker mortgage who is in positive equity. First, is Permanent TSB losing money on tracker mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: Significantly or marginally losing on trackers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: If Permanent TSB has a customer on positive equity and it repossesses and sells the house, does that improve the capital ratio on its balance sheet? "Yes" or "No"? If it is a risky loan in that the mortgage holder is not paying, does it improve Permanent TSB's balance sheet if it realises that loan and sells the asset? Does it improve the capital ratio of the balance sheet of the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: It is a "Yes" or a "No" answer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: The question requires a strictly "Yes" or "No" answer. I know the answer but I want the representatives to verify the answer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: If Permanent TSB has a risky loan on its balance sheet - the person is not paying - that should feed into its capital ratio. If that risky loan is taken out, from an accounting viewpoint surely that improves the capital ratio of the bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: Perhaps in that individual loan. My question-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Kieran O'Donnell: Of the 4,300 split mortgages, how many were in positive equity? I suspect it was very few. Mr. O'Sullivan has not given me the figure for the number of repossessions in positive equity. My concern is that the institutions are becoming bloodhounds in that they are seeking out positive equity on risky loans, particularly in Permanent TSB's case because tracker mortgages are costing it a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Kieran O'Donnell: Mr. Brown has answered my question. We are looking at the issue from the other side of the fence. Our concern is with the perception that a bank could improve its capital ratio requirement by effectively moving on people in arrears who have positive equity in the property, as they may be more vulnerable than people in negative equity. This is a worry.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Kieran O'Donnell: I had a slight difficulty in interpreting the information that Ulster Bank provided. Am I correct when I state that Ulster Bank has instigated legal proceedings against some 4,459 of the 14,231 home loans that are in arrears for more than 90 days?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Kieran O'Donnell: That is a third. In respect of buy-to-lets, of the 2,675 properties in arrears for more than 90 days, has Ulster Bank instituted legal proceedings against 1,697 of them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Kieran O'Donnell: That means that Ulster Bank has taken legal proceedings in over one third of the home loans and two thirds of the commercial loans. How many of the 4,459 home loans that the bank has instituted legal proceedings are in positive equity?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Kieran O'Donnell: It is having a bearing in the way that Members deal with the public. We have the opportunity to interact today, but it is a feature-----