Written answers

Tuesday, 17 January 2017

Department of Finance

Home Repossessions Rate

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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339. To ask the Minister for Finance the number of family home repossessions by each of the lending institutions in each of the past six months periods to date in 2017; if the cases in question were the subject of more than one court hearing in the preceding period; if any study has been completed of the paper trail generated by the lenders prior to repossession; if agreements were entered into and honoured by the borrowers in the preceding period; and if he will make a statement on the matter. [1961/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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In respect of the number of Primary Dwelling Homes (PDH) repossessed by each lending institution, the Central Bank only publishes aggregate information for properties which have been repossessed on a quarterly basis. Therefore it is not possible to provide the requested breakdown.

In respect of the number of hearings per case we have no information on Court hearings and the Deputy may wish to direct this question to the Tánaiste and Minister for Justice and Equality Ms. Frances Fitzgerald TD, for further information. 

The Central Bank has informed me that they have not conducted a specific study of the paper trail connected to repossession applications. However, I would refer the Deputy to the most recent Central Bank Residential Mortgage Arrears & Restructures bulletin to end Q3-2016 and earlier quarterly bulletins on the Central Bank website which provide details of residential properties repossessed for each quarter. The Deputy may also be interested in the recently published Central Bank Mortgage Arrears Report, which examines mortgage restructuring activity within banks and non-banks, the range of solutions offered by non-banks and their impact on borrowers' capacity to remain in their primary residence. This report may be viewed at .

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