Results 9,881-9,900 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Gerry Horkan: I presume they are not publicly available?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Gerry Horkan: Can we see the answers or the responses to how all of these have been implemented?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Gerry Horkan: I think that is it for now Chairman.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: We want to get an overall reconciliation of all the numbers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: I thank the Governor for his opening statement and his comments so far. In a seven-page statement, though, only three paragraphs related to trackers and a number of issues on that matter have not been covered so far. A laborious process has been undertaken, in that every contract is being examined. It would have been better had this been done in 2010, but it is being done now. The...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: After the banks have examined the contracts, are people being told whether their contracts have been in compliance? Many people do not know anything yet and are still wondering whether they number among those affected. Are the banks telling people that they have examined their contracts and found them to be in compliance with what the banks agreed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: Is it within the Central Bank's remit to ask them to do that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: I accept that. Typically, one would write to people when there is an issue. In light of the contributions from Deputies McGrath and Doherty and Senator O'Donnell, we are not discussing just one or two cases. From what we have heard, it is at least 11,700 cases. It would be helpful for everyone to be written to and told that his or her contract has been examined and no issue of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: In the Governor's opening statement, he mentioned that there were 738,506 mortgages in the country.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: We are dealing with 11,700 mortgages. It is not everyone, but people do not know if they are affected. I accept that there may be 30,000, 40,000 or 50,000 people. How many contracts are being examined?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: There was never an issue with them.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: The bank might clarify the situation and issue a statement outlining the total number of mortgages, presumably not everyone is affected by the issues and the banks are 60%, 70% or 80% through the way reviewing all of the contracts. There is a great deal of uncertainty. People have lost their houses. Does the Central Bank have a figure for the number who lost their houses as a result of the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: If we say the figure is in the ballpark - and I accept that it is 100 out of 738,000 borrowers - but this is the family home and in some cases people have committed suicide over some of these issues. We are aware of people who have been pursued and pursued. Are the witnesses saying that 100 people lost their homes as a result of being on the wrong interest rate or as a result of not being...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: There were 100 people who lost their houses who should never have lost them.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: What kind of redress are we talking about? Is it about buying houses for these people or giving them houses? It is all very well saying it but if these people lost their house in 2011 or 2012 the house may now be worth 50% more and what about giving them the amount of money they might have lost?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: They should be but will they be?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: I have a few further points. Professor Lane makes reference to 34,551 non-performing loans that are greater than two years past due. Is this to say that the 34,551 customers have not made any payments in two years or that their arrears include arrears greater than two years old?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: It could be but which is it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: How does the witness see these cases being resolved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)
Gerry Horkan: Does Professor Lane expect that to be resolved relatively quickly or over a long period of time? What was the figure one or two years ago? Was it 70,000 or 35,000?