Results 3,141-3,160 of 5,587 for speaker:Kevin Humphreys

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kevin Humphreys: The practice is that unsecured debt is written off to make the mortgage viable.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kevin Humphreys: How much unsecured debt has Bank of Ireland written off with reference to the viability of mortgages?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Kevin Humphreys: Every bank and institution has told the committee that there are difficulties with mortgage-to-rent. They have said there are too many players. How many players does the bank have to deal with in a typical mortgage-to-rent scenario?

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

Kevin Humphreys: I thank the delegates for their presentations and for the large volume of information they provided prior to the meeting which avoided the need for many questions. I know this issue is dealt with as a matter of priority in the banking sector. As was touched on earlier, it is an issue that has arisen with the increase in the number of partnership break-ups and divorces. The bank has what...

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

Kevin Humphreys: I may not have explained myself correctly. I am referring to where both parties have agreed to this. The examples I have are of cases where both parties have separated, the partnership has broken down, one partner is still living in the home, the loan is performing in that the mortgage repayments are being made, one of the parties has entered another relationship and wants to move on, but...

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

Kevin Humphreys: That is correct. I ask the delegates to examine that mechanism because quite a large number of people are tied in that limbo such that they cannot progress on with their lives, even though the mortgage has been performing well. Reference was made to two thirds of unsecured loans and that there is an agreement in the banking sector on how to deal with those loans. I cite the example of a...

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

Kevin Humphreys: Will Mr. O'Connor explain what he means by "compromise"?

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

Kevin Humphreys: Is that the agreement inter-bank? If the €50,000 in unsecured loans was with Bank of Ireland and the mortgage was with AIB, or if the mortgage was with Bank of Ireland and AIB had the €50,000 in unsecured loans, is it the same arrangement?

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

Kevin Humphreys: Yes, because the family are in arrears.

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

Kevin Humphreys: There is an agreement that an unsecured mortgage is written off in a case where it is unaffordable?

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

Kevin Humphreys: Has Mr. O'Connor an idea of the number of buy-to-let properties that are in arrears that are generating an income?

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

Kevin Humphreys: I represent a Dublin constituency and the biggest problem is affordability because rents are increasing at quite a pace. The delegates gave figures to Deputy Pearse Doherty earlier in this respect. In respect of the number of buy-to-let properties that the bank is putting into receivership to regain funds, has the bank put in place a code of practice on how the tenant in the buy-to-let...

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

Kevin Humphreys: Mr. O'Connor believes that what he is saying is true but the practice on the ground is very different, especially in areas where rents have increased quite substantially in that there is an effort to push the current tenant out of the property because the new tenant will pay a higher rent.

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

Kevin Humphreys: That is what I am hearing on the ground. A protection is very much being built in for people who have mortgages and buy-to-let properties. However, for those on the coalface who are renting buy-to-let properties, I am finding their experience to be very different and especially those who are tenants in receipt of rent allowance. In the vast majority of such cases, when a property changes...

Written Answers — Department of Arts, Heritage and the Gaeltacht: National Monuments (9 Apr 2014)

Kevin Humphreys: 106. To ask the Minister for Arts, Heritage and the Gaeltacht further to Parliamentary Question No. 152 of 2 April 2014, the procedure by which a preservation order under section 8 of the National Monuments Act 1930 is granted; if the proposed structure has to be in public ownership; the factors taken into account when granting such an order; and if he will make a statement on the matter....

Written Answers — Department of Arts, Heritage and the Gaeltacht: National Monuments (9 Apr 2014)

Kevin Humphreys: 107. To ask the Minister for Arts, Heritage and the Gaeltacht if he will provide a list of the preservation orders granted under section 8 of the National Monuments Act 1930 in 2013, and for each such order, the person who requested it; and if he will make a statement on the matter. [16890/14]

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

Kevin Humphreys: I will be brief. The witnesses have furnished us with a number of figures. They indicated that 980 are interest-only mortgages. How many of those interest-only mortgages are in positive equity?

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

Kevin Humphreys: Has Ulster Bank broken down what kind of equity is there?

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

Kevin Humphreys: If somebody is paying interest only, the loan is performing.

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

Kevin Humphreys: What I am trying to work out is whether the fact that the equity is secure influences the bank's decision to put somebody on an interest-only mortgage because it knows that if it sells the property, it will get its money back.