Results 6,561-6,580 of 26,465 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: 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?
- 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 loans taken out with Permanent TSB which are now going to Pepper, has an analysis of the age profile of the individuals concerned been undertaken?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: Do the witnesses have any figures from that analysis?
- 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 clarify a few points made earlier. It was said earlier that the bank provides a full suite of solutions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: Is it the case that there is no difference between Pepper and Permanent TSB in that regard?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: Mr. Crowley said earlier that Permanent TSB originated the structure. I believe he was answering a question about Glenbeigh. What did he mean by that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)
John McGuinness: Does that mean the bank registered or created Glenbeigh and offered it to someone else?