Results 28,321-28,340 of 35,959 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: I am not dealing with a specific case.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: I asked about the definition of vulnerable cases and how the bank deals with them. The point I am making is that not everyone in such circumstances has access to their Deputy who can bring this to the bank’s attention. Therefore, through that process, we can get to a resolution. However, when these people engaged with the bank, the sustainable solution they were offered was...

Written Answers — Department of Education and Skills: Youth Employment Initiative (9 Apr 2014)

Pearse Doherty: 64. To ask the Minister for Education and Skills the number of years Ireland will benefit from the youth employment initiative. [16901/14]

Written Answers — Department of Education and Skills: Youth Employment Initiative (9 Apr 2014)

Pearse Doherty: 65. To ask the Minister for Education and Skills Ireland's allocation from the EU's youth employment initiative. [16923/14]

Other Questions: IBRC Mortgage Loan Book (8 Apr 2014)

Pearse Doherty: Can the Minister inform us that the heads of the Bill provide for the retrospective nature of the legislation in order that it will not apply just to IBRC mortgages but also to the others sold by previous institutions? I have said we will be generous in facilitating the passage of the legislation to protect mortgage holders. What is its legal standing? Was it a spit in the hand and a firm...

Other Questions: IBRC Mortgage Loan Book (8 Apr 2014)

Pearse Doherty: The Minister is in a position to tell me what is his intention.

Other Questions: IBRC Mortgage Loan Book (8 Apr 2014)

Pearse Doherty: I asked if the legislation would be retrospective.

Other Questions: Pensions Legislation (8 Apr 2014)

Pearse Doherty: While I agree that we should not be incentivising people to do this and that clearly the pension industry is incentivised - that is a different debate - I advise caution about one of the issues mentioned by Deputy Michael McGrath, namely, over-indebtedness. If there was access to AVCs to meet debt, the banks would force people to forgo their future for the present. That is the problem and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: Mr. Bell is referring to primary dwelling houses only. We are dealing with the mortgage arrears resolution targets in total.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: According to the figures Ulster Bank has provided to us, the number of primary dwelling houses in arrears of 90 days or more at the end of December 2013 was 14,231. The figure in relation to buy-to-let properties was 2,675.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: When those figures are added up, one gets the figure of 16,906 that I have mentioned.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: The number of proposals made by Ulster Bank, including legal letters, is 9,551 in respect of primary dwelling houses and 1,680 in respect of to buy-to-let properties. When the sum of those figures is subtracted from the figure of 16,906 that I have mentioned, one gets a figure of 5,675. I will not waste any more time on figures. Instead, I will ask a question about legal proceedings. It...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: That is from the start of the mortgage arrears resolution target. Is it the case that these are cumulative?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: Okay. Is it the case that no judgments have been enforced on foot of legal proceedings since that period?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: Okay. When the officials presented before this committee in September of last year, they provided answers to the questionnaire in a similar form. At that time, the bank had 143 legal judgments enforced. The bank also had 177 court judgments obtained up to the end of last year. That figure was 180 in September. It seems, therefore, that three court judgments were lost along the way. How...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: I welcome the fact that figures were presented to us earlier. It is hard to follow what the bank is doing. We wondered in the context of a previous questionnaire how we could be sure that the bank had offered sustainable solutions to people who had walked away from their family homes. I find it difficult to have any confidence, given that the bank has lost three court judgments. I have...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: Okay. The problem is that this is the time when we are supposed to discuss it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: There is no point coming before this committee if the information that is provided is not accurate, which Mr. Bell has admitted is the case.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: According to its own figures, Ulster Bank has reached and surpassed the mortgage arrears resolution targets. It has done that through legal proceedings and the threat of legal proceedings.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Pearse Doherty: Can Mr. Bell explain how the bank would have reached the target without legal proceedings or the threat of legal proceedings?