Results 1,761-1,780 of 26,433 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: What is that a list of?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: You are doing fine. Deputy Doherty should be worried.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: He should be very concerned.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: For those who observe the figures in the courts, regarding how cases are progressing, those that are on the verge of an action of eviction and the eviction ban being lifted, what projected figures might they be dealing with? Will a huge number of cases be triggered in the courts? Are there any figures or is there any work done on this that will tell us that this will be a real problem or is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: I turn to MABS representatives. Regarding their caseload, they see the trend of cases moving onwards in the courts and eventually evictions. Are they concerned about the eviction ban?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: Going back to the figures given to us earlier on, 9,763 repossession cases are in the process.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: For what year?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: We were given a figure of 20% of those cases are Start Mortgages, 10% are Pepper, and going on from there, I did not get the third one at 10%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: Mr. Sreenan classifies these as banking entities.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: These are nonbanking entities.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: The are ending up with these cases and pressing them on through the courts.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: The more the cost of living goes up, the more difficulties people have-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: -----the more of these we will see.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: Without the protection of the eviction ban, therefore, it is anyone’s guess what will happen, but it will not be good. That is how I read what was said to me.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: Yes. That is what I am talking about.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: Yes. I understand that. To make myself clear, there is this issue here and then there is the other issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: All added in, it is bleak outlook if something is not done, such as the suggestions that all the witnesses have made around this. MABS made a submission to the consultation on the EU credit servicers and credit purchasers directive. How long does it take for the submissions to be considered and transposition to occur?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: When was the directive first put in place by the EU?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: I recall someone stating that there is often a issue with the paperwork when the loan is transferred from the bank. What is meant by that? Does that mean lost papers or incomplete papers? That causes further problems down the road.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)
John McGuinness: When the person in trouble comes in and MABS has to contact one of the credit servicing firms, the front-of-house people, as it were, how easy is it to get to the entity that actually holds the loan? The front-of-house company will say it has to go back to the credit committee in the other entity, which means considerable time is lost. I deem this to be deliberate on the part of the vulture...