Results 11,301-11,320 of 12,033 for speaker:Regina Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: How many of the 2,524 people who are in the legal route with the bank are expected to end up obtaining a judgment? The witnesses mentioned in the past that 50% of the people who get these legal letters engage with the bank. How long is it since these 2,524 people have received legal letters? I assume that if the bank has already engaged, they have not just received their letters....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: I know Mr. Duffy cannot be specific, but what would the bank expect?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: Although it is 1,000 too many - I do not mean to be smart - given that we heard in the past couple of days here and in the media that we are looking at 50,000 repossessions across the country, does Mr. Duffy think those figures have any bearing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: I thank the gentlemen present for their contributions thus far. I agree with Deputy Michael Creed that the presentation was very impressive, as was the ease with which the delegates could answer most of the questions asked. This is very welcome. However, as the devil is in the detail, I wish to ask a few quirky questions. What does "customer treatment strategy" mean? How is it a solution?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: That is fine. I just did not know what it was, as it was not obvious. Why does AIB not do split mortgages for the buy-to-let market?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: Given that AIB states it does not engage with borrowers legally until they really ignore the bank for a very long time — Mr. Duffy suggested a period of two years — can I assume that since the individuals subject to assisted voluntary sales and enforced judgments on principal residences last year were not engaged with, they were not offered alternatives to the route eventually...
- 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 sure you appreciate that I am new to the Chair, but I cannot allow you to make accusations against Ulster Bank when its representatives are not here to defend themselves.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)
Regina Doherty: Again, I must caution you Deputy. Ulster Bank's representatives are not here to respond to the points that you are raising, so I caution you not to raise issues when they are not here. It is not fair.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: Some 123 people voluntarily assisted the bank by selling their homes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: No, 13 families were involved in voluntary surrenders. I referred to a figure of 123 people. I understand that 13 families informed Ulster Bank they were leaving their homes and surrendered their keys. However, 123 families approached the bank because they did not see a sustainable solution and decided to have Ulster Bank sell their home and work out a deal for the outstanding debt after...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: Mr. Bell used the words "provided they talked to us". Were they all offered a deal to assist them to stay in the family home?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: Why did they volunteer their keys or assist in the sale of their homes if they were not speaking to Ulster Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: Voluntary surrender accounts for 13 people. Clearly, the 123 people who assisted in a voluntary sale were in some form of discussion with Ulster Bank. Were they all offered an option other than handing back their keys and working out a deal on the outstanding debt after the sale of the house?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: They were all offered the full range of solutions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: In that case, I am being invited to believe that 123 people concluded that handing the keys of their home to Ulster Bank and allowing the remainder of the debt to sit on their shoulders was a better solution that finding some acceptable way to stay in the family home.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: Seriously.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: I am loth to say that I find it extremely difficult to believe anyone would voluntarily hand over the keys to the family home and put children out on the road if a sustainable alternative was available that allowed the family to stay in their home. Let us focus on the word "sustainable". What is a sustainable solution in the view of Ulster Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: In that case, if Ulster Bank takes the view that a family cannot afford to stay in their home, I assume the family will not have been offered a sustainable solution because, in the eyes of Ulster Bank, a sustainable solution is not available.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: Not for the 123 people who-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Regina Doherty: My concern is that there are 4,000 people in the queue. The witnesses will probably not have the following information with them.