Results 7,101-7,120 of 26,465 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Do they form part of the 2,500 cases before the courts?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: I am anxious to clarify that point because I do not trust the figures provided. It was mentioned at one point that 1,050 of the cases were homeowners. Were they ever presented to the Mr. Hall's iCare Housing programme for examination, it being the only agency that comes to mind just now as being an agency that might be able to help these people?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Why did PTSB not allow the 2,500 homeowners before the courts to exhaust that process before it sold their loans to a vulture fund?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: No. PTSB has 2,500 homeowners before the courts. It has pulled the legal mat from under these people and sold their loans to a vulture fund, so it did not give them a chance.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: That is justice.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: PTSB has taken that away from the 2,500 we are speaking about.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: I do not believe that. It is a nonsense that PTSB has been peddling for some time now, supported by some commentators, but it totally untrue in reality and in practice. In regard to the 1,050 accounts, it was said in a statement from PTSB that these are attached to buy-to-let properties. Do the witnesses agree with that statement?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: The statement reads: "PTSB confirm that 1,050 loans on family homes, which are performing or meeting the terms of an agreed restructuring arrangement, are included in those being sold." In the case of these homes, again Mr. O'Sullivan mentioned three different possibilities for them. Did PTSB apply any of those possibilities for them in terms of a solution?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Let me put it to Mr. O'Sullivan in a different way. A media report says that shortly after the project Glas loan sale, it emerged that 1,050 mortgages on family homes were included in the sale and were performing or were meeting the terms of their restructured arrangement. Is that true?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Why not?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: It is not a statement, it is a report. Never mind where it came from but it says that 1,050 mortgages on family homes were included in the sale and were performing loans or were meeting the terms of their agreed restructured arrangement. Is that true or false?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: This is what is being said of project Glas.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Never mind by who; is it true or false? Is the statement true or false?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: There are no performing loans, so this is wrong.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: That is okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: The bank classified them as non-performing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Were loans that were restructured and for which the debtors were abiding by their restructured arrangement sold?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Was there nothing that the bank could do to prevent those 1,050 loans from going from the bank to a vulture fund? Did the bank exhaust every avenue with its customers? Did it get the three different projects that-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: Can we just stick with this for a moment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)
John McGuinness: The bank exhausted all the options. We will see about that. The witnesses have said that Start offers solutions that high street banks do not offer. What are those solutions?