Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

56. To ask the Minister for Finance in relation to the residential mortgage arrears and repossession statistics published each quarter by the Central Bank of Ireland, if a mortgage arrears case which has had its arrears capitalised as part of an agreed restructuring arrangement and where no new arrears have since arisen, is no longer included as a mortgage in arrears. [25024/14]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am advised by the Central Bank of Ireland that if a mortgage in arrears has its full arrears balance capitalised (such that the arrears balance goes to zero) then this mortgage is no longer classified as in arrears in the Central Bank s Residential Mortgage Arrears and Repossessions Statistics . The mortgage will be counted in the restructured accounts category.