Results 501-520 of 1,760 for speaker:Aideen Hayden

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: On behalf of the committee I thank the witnesses for attending today. I thank Noeline Blackwell and Paul Joyce from FLAC and Maurice Crowley and Niamh Murphy from the Banking & Payments Federation Ireland. It will take me some time to get over the name change. We would be delighted to receive any additional contributions witnesses might wish to make. Unless there is any other...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: It is the reality of the legal position.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: Through the Chair, I am not finished. There is a Dáil vote. Deputy Mathews did not get an opportunity. Does he wish to speak?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: Do the witnesses wish to respond?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: Although I am loath to stop Deputy Mathews after his very kind compliments to the Chair, I want to conclude at 6 p.m. and I have one very brief question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: Nobody, including myself, doubts the Deputy's sincerity or knowledge of this area.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: I am going to call a halt now. I am asking one question that relates to agreements that have been reached relating to distressed loans where the loan book has been sold on. Given that the situation has been evolving in recent years and that the actual agreements per semay vary in terms of their robustness, is there enough protection for agreements that have been reached between lenders that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: Does that not come to my point? They buy the asset, as Ms Murphy puts it, with a view to moving it on when the economic circumstances improve. Like I say, the market is improving so house prices are rising. The difficulty here is that the asset is my home. Their profit lies in turning over my home which boils down to getting it out of my possession and onto the market.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: That is true. They might not have to sell it physically. I understand that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: I am a lawyer and realistically speaking the vast majority of mortgage deeds allow a lending institution to foreclose. I think the point has already been made by Mr. Joyce. Realistically speaking, if one was to read the vast majority of mortgage deeds, one would see that they would enable any lending institution to literally foreclose on a mortgage with 30-days notice.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: As I have said on a previous occasion, if the Free Legal Advice Centres want to make any additional submissions to the committee on this matter, we will be happy to receive them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: I would like to ask a couple of questions. A number of them were asked by Deputy Spring earlier. I first came across securitisation some time around the early to mid-1990s. My understanding of securitisation at the time was that if a person had a loan with Bank of Ireland and it securitised part of his or her loan, he or she continued to deal with that bank and that was grand. As far as...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion (3 Dec 2014)

Aideen Hayden: We will resume the discussion on pre-legislative scrutiny on the general scheme of the sale of loan books to unregulated third parties Bill 2014 with FLAC and the Banking and Payments Federation Ireland. I welcome Ms Noeline Blackwell, director, and Mr. Paul Joyce, senior policy researcher, FLAC. I also welcome Ms Niamh Murphy, head of consumer banking and Mr. Maurice Crowley, retail...

Seanad: Homelessness: Statements (3 Dec 2014)

Aideen Hayden: I welcome the Minister to the House and hope that he will be here again soon to discuss the social housing strategy and to have a more wide-ranging discussion on the private rental sector. We could expand the debate on homelessness into one that concerns the private rental sector. I also extend my sympathies to the family of Jonathan Corrie. No society can call itself civilised when people...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Aideen Hayden: I think we are going to keep it to a simple "Yes" or "No" answer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Aideen Hayden: Did Dr. Lyons wish to comment?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Aideen Hayden: Just before you all leave, Deputy Mathews has an additional question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Aideen Hayden: I will have to ask the Deputy to conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Aideen Hayden: We really are down to the final curtain here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Aideen Hayden: Do Mr. Joyce or Mr. Burgess want to add anything? If not, on behalf of the committee I would sincerely like to thank all the witnesses for participating in today's meeting and discussion. I also thank them for the material they supplied. I wish to reiterate our offer to receive any additional material they may wish to send to the committee. Unfortunately, I must emphasise that it should...