/Tag: Mortgage
30 11, 2014

Mortgage group apologises over data ‘mistake’

By | 2014-11-30T23:36:56+00:00 November 30th, 2014|Headlines|0 Comments

A group set up to help homeowners in mortgage difficulties has apologised after the names and bank details of over 1,000 customers were passed to an investment firm. Speaking on RTÉ’s This Week, co-founder of New Beginning Ross Maguire, apologised and said he will cooperate fully with the Data Protection Commissioner. The details [...]

8 11, 2014

20% mortgage deposit rule may be eased

By | 2014-11-08T18:45:22+00:00 November 8th, 2014|Headlines|0 Comments

1 of 2 Patrick Honohan said mortgage insurance could play a part in enabling some customers secure higher loan-to-value mortgages The Central Bank announced new mortgage rules last month Central Bank Governor Patrick Honohan has indicated that there could be an easing of the rules that will require mortgage applicants to [...]

4 11, 2014

Mortgage scheme sees 1,300 long-term resolutions

By | 2014-11-04T00:32:33+00:00 November 4th, 2014|Headlines|0 Comments

A scheme to help distressed mortgage holders in their dealings with the AIB group has resulted in more than 1,300 long-term resolutions being reached in the past year. A year ago the Irish Mortgage Holders Organisation entered into an arrangement to act as a third-party broker to advise distressed borrowers in [...]

30 10, 2014

AIB to cut mortgage rates by up to 0.25%

By | 2014-10-30T21:33:51+00:00 October 30th, 2014|Headlines|0 Comments

AIB is to cut mortgage rates by up to 0.25% from the start of December. The standard variable and Loan to Value rate reductions will apply to mortgages from AIB, EBS and Haven and will be available to new and existing customers. The bank said the change would impact 146,000 existing mortgage [...]

9 10, 2014

Accounts in mortgage arrears down to 100,000

By | 2014-10-09T16:08:12+00:00 October 9th, 2014|Business|0 Comments

There are almost 11,000 fewer mortgages in arrears than at the beginning of the year, according to new figures from the Department of Finance. The number of loans in arrears for principal dwellings, as opposed to investor or buy-to-let mortgages, was 100,132 at the end of August. Department of Finance statistics say the [...]

8 10, 2014

Central Bank proposes new mortgage restrictions

By | 2014-10-08T02:03:56+00:00 October 8th, 2014|Business|0 Comments

The Central Bank has proposed new restrictions on how much banks can lend to home buyers in an effort to reduce the risk of a new property bubble forming as prices recover rapidly from the property crash. The bank said it was appropriate to bring in limits on new lending at [...]

6 10, 2014

Central Bank to introduce mortgage cap rules

By | 2014-10-06T19:38:17+00:00 October 6th, 2014|Business|0 Comments

Patrick Honohan said it was 'hard to deny' that a cap on mortgage lending would help stop another credit bubble The Central Bank will introduce measures to limit the amount that banks can lend to customers looking to buy a home, according to Governor Patrick Honohan. Mr Honohan said details of [...]

17 09, 2014

Banks lose 70% of mortgage debt in bankruptcies

By | 2014-09-17T03:37:17+00:00 September 17th, 2014|Business|0 Comments

In many cases, banks had turned down applications for personal insolvency before they applied for bankruptcy An insolvency company has revealed details of its clients who have gone bankrupt under rules introduced a year ago.  The figures show that banks which lent mortgages to these clients have had to write off [...]

21 08, 2014

Bank of America’s $16.65 billion mortgage deal

By | 2014-08-21T19:45:30+00:00 August 21st, 2014|Business|0 Comments

Thursday 21 August 2014 12.38 The negotiations have been driven by an investigation into securities sold by Merrill Lynch, which Bank of America agreed to acquire in 2008 Bank of America is expected to pay over $ 16.5 billion to end investigations into mortgage securities that the bank and its units [...]

10 05, 2014

Irish banks raised mortgage rates in March

By | 2014-05-10T17:37:14+00:00 May 10th, 2014|Business|0 Comments

Friday 09 May 2014 17.33 Interest rates on new mortgages were 44 basis points above the Euro Area average Irish banks increased interest rates on mortgages in March and further cut the rate of interest they pay on deposits, according to new figures from the Central Bank. Interest rates on new [...]