Report on Mortgage Arrears 2016

In June 2016, the Minister for Finance requested the Governor of the Central Bank to provide him with a report on mortgage arrears detailing the mortgage restructuring activity within banks and non-banks, the range of solutions offered by non-banks, assessing the range of solutions that may affect borrowers’ capacity to remain in their primary residences, and whether these are addressing the requirements of over-indebted borrowers

 

The Central Bank report published today (16 December 2016) provides extensive analysis on the issues requested by the Minister.