Mary Upton (Dublin South Central, Labour)
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Question 144: To ask the Minister for Finance if he will respond to correspondence (details supplied) regarding the concerns of a mortgage holder from a sub-prime lender; and if he will make a statement on the matter. [11754/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy is aware, on 25th February 2010, I informed the Government of my proposals regarding expanding the membership of the Interdepartmental Mortgage Arrears Group, under the Chairmanship of Mr. Hugh Cooney who is an insolvency accountant. The other external members are as follows:

The Group will also include senior officials of the Departments of Finance, Taoiseach, Justice Equality and Law Reform, Social and Family Affairs, Communications Energy and Natural Resources, and Environment Heritage and Local Government.

I am satisfied that the external members of the Group have the relevant expertise in areas relating to mortgage arrears and personal debt. In addition to the expertise of its own members the Group will be calling on others to provide it with material, covering all relevant areas, and this will naturally include sub-prime mortgages.