Results 11,281-11,300 of 12,033 for speaker:Regina Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: There were other creditors involved.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: Of the 500 in the books coming forward, does Mr. Mason see the process speeding up and getting easier?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: I thank the witnesses.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: I am sorry to be rude but Mr. Boucher is contradicting himself.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: On the basis of what Mr. Boucher said, is it the case that he is not volunteering write-downs, but when the bank is forced during a legal process or a bankruptcy process, it makes the write-downs because someone else is telling it to do so?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: But only when Bank of Ireland is absolutely forced to do so by the State through the legal process is the bank writing off people’s debts that they cannot afford.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: Could I have a round figure for the amount the State invested in Bank of Ireland in recent years to underpin its losses?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: What amount was required to save the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: We can split hairs about language.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: Does Mr. Boucher believe the spirit of giving the money was to assist the bank due to the difficulties caused by people who were not financially secure enough to maintain the financial arrangements for their loans, commercial loans and mortgages they took out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: We can split hairs in that regard. Of the 682 split mortgages that were reported on 31 December last year, it appears that many of them were not for people in the mortgage arrears resolution targets process. Why would the bank give a split mortgage to someone who was not in financial difficulties? Based on the numbers, could someone explain why it is so much easier to give split mortgages...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: A total of 81 of them were given this year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: It was far easier for the bank to give a split mortgage to the 601 people who went from the bad book at the end of September to the good book at the end of December than the 11,500 people who remained in the bad book, as only 81 of those people had split mortgage arrangements. Could someone explain to me the difficulty between-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: But Mr. Boucher’s colleague just said to me that 601 people were in arrears at the end of September but managed to get themselves out of arrears.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: I am sorry.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Regina Doherty: Could Mr. Mason do me a favour? Could he break down the figures for us? It is important to clarify the position given that only 81 split mortgages have been offered to the 11,500 people who remained in the MART process at the end of December versus the 601 that were given to the other combination of people who either were not in financial difficulties, were in default for less than 90 days,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: A total of 3,594 people have received legal letters from AIB, which are nearly a final demand, saying that if they do not this, the bank will take the next step. Would AIB have issued those legal letters if the Central Bank's targets had not been there? This does not just concern AIB. The Central Bank's processes encouraged people to find sustainable solutions. Sending me a letter telling...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: I am looking for direction in practice. It does not specifically relate to these 384 families. Mr. Duffy mentioned earlier that 60% of them have had whatever the value of the home was when it was sold versus what was left on the loan written off and 40% of them have not. How would the bank have determined who got the bit that was left over written off and who did not? I am not asking this...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: The anecdotal evidence from everybody, including the media, is that people want to stay in their family homes. Why would I want to leave the home and bring €50,000 worth of debt with me knowing that I have to rent somebody else's three-bedroomed semi-detached house?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: But they are bringing the burden with them given that 40% of them are not getting a write-down.