Written answers
Tuesday, 17 January 2017
Department of Finance
Mortgage Data
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
318. To ask the Minister for Finance if he will provide a breakdown by loan owner of the 10,007 PDH mortgages owned by unregulated loan owners as quoted in the third quarter of 2016 Central Bank mortgage arrears statistics publication, page 11; and if he will make a statement on the matter. [1840/17]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I am informed by the Central Bank that information collected by it relating to the category 'unregulated loan owners', published in the Central Bank's quarterly statistics on mortgage arrears and repossessions, is subject to a strict confidentiality agreement with the providers of the data. It is, therefore, not possible for the Central Bank to disclose this information.
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
319. To ask the Minister for Finance further to the data provided in the third quarter of 2016 Central Bank mortgage arrears statistics publication, page 11, the number of the 2,105 PDH mortgages which have been restructured or were restructured while the loan was actually owned by the unregulated loan owner; and the number which had already been restructured at the time the loan was sold onto the unregulated loan owner; and if he will make a statement on the matter. [1841/17]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I am informed by the Central Bank that it is unable to provide this information in the format requested.
I would however refer the Deputy to the Central Bank's Report on Mortgage Arrears, published on 16th December at , which found that there is a broad range of available restructures offered and delivered by both bank and non-bank entities and there is strong evidence that both banks and non-banks look to exhaust available restructure options before moving to the legal process.
No comments