In Saturday’s Independent Laura Noonan covered mortgage arrears (it wasn’t Charlie Weston – one commenter mentioned him and we had to delete it for obvious reasons). I’ll refer back to the table below a few times in the blog
OFFICIAL figures on the “mortgage crisis” overstate the number of households in real trouble – and lack key insights into how deep the problem really is.
An investigation by the Irish Independent has revealed the Central Bank’s figures include several types of borrowers who are no longer in trouble.
A large number of senior bankers right across the industry who spoke to the Irish Independent now insist the situation is improving.
The latest statistics, however, indicate that 77,630 households are at least three months behind on payments.
But these figures include: – Those who missed payments long ago and have since resumed paying normally.
Why don’t the banks make this information public then? And when the say ‘repaying normally’ …