Results 1,421-1,440 of 4,002 for speaker:Rose Conway Walsh

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Does it concern Mr. Masding?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Does it concern Mr. Masding at all?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Can Mr. Masding understand it from our position? We were given assurances that everything will continue the same and it is the same from the Minister for Finance - "There are no concerns here" - yet, Start Mortgages will not appear before an Oireachtas committee. What do they have to hide? This is what rings alarm bells with people and with those who have these loans, especially around how...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: The Minister has no concerns whatsoever around how Permanent TSB is choosing to reduce the NPLs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: And for the people who are in their homes currently. Is Mr. Masding concerned that Smart Mortgages may decide to flip these mortgages on to somebody else, such as an unregulated entity? Has the witness discussed that within the transfer arrangements?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: It is basically up to Start Mortgages to do that. Really we have no guarantees because it could make that decision. There is nothing whatsoever to restrict it from making that decision to flip those loans at any time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Can Mr. Masding see it from our point of view? He is giving us assurances that homeowners are going to be protected. Really, when one scratches the surface, they are not going to be protected at all. They certainly will not be protected from the flipping over of the mortgages to somebody else, and Start Mortgages will not even come before the committee. Mr. Masding can see where our...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: I know that but really, just indulge me.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: I know that. That is not the question I asked. The question I asked was in respect of the details of the contract.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: That is grossly unfair and it puts people in a very precarious position. They have often been enticed into investing in a separate property in the first instance rather than in a pension. Their homes are then at risk when the mortgages are being sold off.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: I am not reassured. What has Permanent TSB done with the buy-to-let properties it has taken back?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Did the bank offer them to the Government to form part of the housing 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)

Rose Conway Walsh: Has it bought any?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Are they being sold to Government at a discounted rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: The borrower is out of the picture at this stage. The assets have been reclaimed while the bank is mostly owned by the taxpayer, which is to say by citizens and the Government.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Does the bank have an obligation to contribute to solving the housing crisis given the part banks like Permanent TSB played in the crisis in the first instance?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: Is there any protection for people in circumstances where the bank sells a property with a tenant living in it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: When did the bank start to offer these properties to the Government?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: None of the purchases has been completed by the Government.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Property Loans (Project Glas) By Permanent TSB: Discussion (11 Oct 2018)

Rose Conway Walsh: That is eight months. We are in a housing crisis and seven or eight months after the bank offered the houses to the Government, it has still not completed any transaction.