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13/12/2012
Figures Show Increase In Mortgage Arrears
Figures published by The Central Bank show show that 86,146 private residential mortgage accounts for principal dwelling houses (PDH) were in arrears of over 90 days at end-September, up from 81,035 accounts at end-June 2012.
The pace of increase in PDH arrears cases over 90 days has slowed further. The quarter-on-quarter increase in the number of PDH accounts in arrears over 90 days was 6.3 per cent in Q3, compared to 7.1 per cent in Q2. The rate of increase in PDH arrears cases over 180 days also slowed, to 8.2 per cent in Q3 compared to 9.3 per cent in Q2. Meanwhile, the number of early arrears cases increased during Q3, reversing the trend of the previous two quarters. The figures show that 49,482 PDH mortgage accounts were in arrears of less than 90 days at end-September 2012, reflecting a quarter-on-quarter increase of 4.9 per cent. It should be noted, however, that this increase was in the category of arrears of less than 30 days and was entirely attributable to technical timing issues relating to end-month receipt and processing of mortgage payments. Excluding the impact of these technical issues, it is estimated that there was a quarter-on-quarter decline in the number of accounts in arrears of less than 90 days of 1.3 per cent. The data also show that 81,683 PDH mortgage accounts were classified as restructured by the mortgage lenders as at end-September 2012.
(CD/GK)
The pace of increase in PDH arrears cases over 90 days has slowed further. The quarter-on-quarter increase in the number of PDH accounts in arrears over 90 days was 6.3 per cent in Q3, compared to 7.1 per cent in Q2. The rate of increase in PDH arrears cases over 180 days also slowed, to 8.2 per cent in Q3 compared to 9.3 per cent in Q2. Meanwhile, the number of early arrears cases increased during Q3, reversing the trend of the previous two quarters. The figures show that 49,482 PDH mortgage accounts were in arrears of less than 90 days at end-September 2012, reflecting a quarter-on-quarter increase of 4.9 per cent. It should be noted, however, that this increase was in the category of arrears of less than 30 days and was entirely attributable to technical timing issues relating to end-month receipt and processing of mortgage payments. Excluding the impact of these technical issues, it is estimated that there was a quarter-on-quarter decline in the number of accounts in arrears of less than 90 days of 1.3 per cent. The data also show that 81,683 PDH mortgage accounts were classified as restructured by the mortgage lenders as at end-September 2012.
(CD/GK)
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Mortgage Arrears Fall For 10th Consecutive Quarter
The latest figures from the Central Bank have revealed that mortgage arrears have decreased for the 10th consecutive quarter. According to the figures, there has been a 38% drop in arrears, which represents 54,000 plus mortgages, or €9.6 billion of mortgage debt.
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The Central Bank has revealed over 8% of homeowners in Ireland are in mortgage arrears for over 90 days. The bank's latest data on mortgages, restructures and repossessions up to September show that 8.1% of private residential mortgage accounts are in 90 day arrears, compared to 7.2% for the same period last year.
8% In Mortgage Arrears Over 90 Days
The Central Bank has revealed over 8% of homeowners in Ireland are in mortgage arrears for over 90 days. The bank's latest data on mortgages, restructures and repossessions up to September show that 8.1% of private residential mortgage accounts are in 90 day arrears, compared to 7.2% for the same period last year.
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Consistency Needed In Bank Handling Of Mortgage Arrears
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31 July 2013
FF Demands Update From Banks Regarding Mortgage Arrears Targets
Fianna Fáil Spokesperson on Finance Michael McGrath has called for the Minister for Finance and the Central Bank to ensure the banks provide an immediate update on the progress they have achieved in making offers to customers under the mortgage arrears resolution targets announced last March.
FF Demands Update From Banks Regarding Mortgage Arrears Targets
Fianna Fáil Spokesperson on Finance Michael McGrath has called for the Minister for Finance and the Central Bank to ensure the banks provide an immediate update on the progress they have achieved in making offers to customers under the mortgage arrears resolution targets announced last March.
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