Pearse Doherty (Donegal, Sinn Fein)
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54. To ask the Minister for Finance the number of legal titles of mortgages held by credit servicing firms each year since 2016 where the loan is owned by a separate section 110 special purpose vehicle, in tabular form; and if he will make a statement on the matter. [24778/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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In general, any entity involved in the business of providing credit to consumers has to be authorised as a credit institution, a credit union or a retail credit firm. Any non-bank or non-retail credit firm who subsequently services or acquires the legal title to the rights of the creditor under such a credit agreement has to be authorised as a credit servicing firm.

In its ‘Residential Mortgage Arrears & Repossessions Statistics’ the Central Bank publishes, on a quarterly basis, mortgage data in respect of regulated all Irish-resident banks and 'non-banks' - which comprise retail credit firms and credit servicing firms - that hold or service residential mortgage loans secured on properties located in the State, including the number and value of residential mortgage accounts. This data is available on the Central Bank’s website and the most recent available data is in respect of the quarter ending December 2024. However, a further breakdown of that data is not available in respect of the mortgages managed by credit servicing firms.

However, as the regulatory and consumer protection framework applies to mortgage credit provision, legal title ownership and credit servicing, consumers are protected from the beginning to the end of the mortgage life cycle, irrespective of the particular class of regulated entity managing the mortgage agreement.