RTE 6 News: 34% of Local Authority Loans are in Arrears

RTE 6 News, Local Authority Loan arrears figures October 20th 2010 from Irish Mortgage Brokers on Vimeo.

In this piece Samantha Libreri of RTE looks at Local Authority Loans and specifically, at the fact that almost one third are in arrears of at least one month, while just under 30% are in arrears of three months or more. We were shocked to find this out, it makes sub-prime lenders look good in comparison.

We were equally surprised to find that there wasn’t a greater uptake on the story, we see this as a huge issue, especially as it is clear evidence that people who shouldn’t be getting loans are getting them from the state.

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Primetime: Housing & Mortgage piece, 5th October 2010

We were delighted to appear on RTE’s Primetime with Miriam O’Callaghan, whe I converted the video the sync went weird so you can find the original here.

Primetime looked at the property market news of a 40% drop in prices from peak to date and after the package piece they had an ‘in studio’ piece. The debate centred around property and mortgages as well as some of the issues regarding negative equity.

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RTE 9 O’Clock News with Martina Fitzgerald, 22nd April 2010

Martina Fitzgerald of RTE 9 O’Clock news did a piece on the Government backed lender Home Choice Loan, critiquing the fact that they have only advanced 5 mortgages since their inception in autumn of 2008. Home Choice Loan was set up to alleviate the absence of lending in the Irish mortgage market but it has failed to do this which is evident in the numbers.

We believe that Home Choice Loan does have a very relevant and meaningful role in the mortgage market, but not in the guise of being another lender competing with the rest of the high street, rather in facilitating people in negative equity or arrears.

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