Honohan prioritises resolving mortgage arrears crisis
The Governor of the Central Bank says resolving the mortgage arrears crisis is now the most important domestic issue being dealt with. Patrick Honohan made the comments when he appeared before the...
View ArticleCentral Bank to prioritise arrears crisis, insists Honohan
Governor of the Central Bank Patrick Honohan has hit out at banks for failing to tackle the mortgage arrears crisis head on. Speaking on RTÉ’s Week in Politics, Professor Honohan said senior management...
View ArticleHousehold financial distress at “unprecedented levels”, insist Honohan
Household financial distress is now at “unprecedented levels’, according to the Central Bank’s Patrick Honohan. Speaking at the bank’s conference on distressed property, Professor Honohan said they are...
View ArticleKBC rules out debt writedowns
The chief executive of KBC Bank John Reynolds has said that the bank is not writing off debt for their most hard-pressed customers. Yesterday, the Governor of the Central Bank Patrick Honohan said...
View ArticleCentral Bank’s mortgage arrears scheme helped the bulk of borrowers
More than two-thirds of borrowers who entered into an official process over mortgage arrears were able to come to an alternative arrangement with their lender, according to the Central Bank. The bank...
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MABS welcomes Central Bank survey of mortgage holders
The Money Advice and Budgeting Service (MABS) has welcomed the Central Bank’s decision to survey mortgage holders. The survey will focus on the changes in income and consumption patterns of mortgage...
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Honohan calls for banks to be recapitalised directly
Central Bank governor Patrick Honohan The Central Bank Governor said last night that not allowing temporary or permanent bail-out funds to directly recapitalise banks directly is a “missed...
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Honohan comments €64 billion too late for Ireland, insist Sinn Féin
Pearse Doherty TD Sinn Féin TD and finance spokesperson Pearse Doherty has welcomed Governor of the Central Bank Patrick Honahan’s comments on a centralised European approach to recapitalising weak...
View ArticleDecision on 20% deposit expected within days
The Governor of the Central Bank Patrick Honohan has said a decision on if a 20% deposit will be required to secure a mortgage will be made in days. The Central Bank has carried out a public...
View ArticleFirst time buyers will now require a 10% deposit while all other purchasers...
The Central Bank will offer some relief for first-time buyers under revised rules on mortgage lending. Prospective home-buyers will have to save bigger deposits under the regulations. Banks will only...
View ArticleNoonan to discuss rate cuts with banks
Finance Minister Michael Noonan has said he will discuss cutting variable mortgage rates with Ireland’s top lenders in the coming weeks. Minister Noonan said that following his meeting with Central...
View ArticleBanks warned to cut rates or face a government cap
Central Bank chief Patrick Honohan has warned banks to cut their variable mortgage interest rates or face government policy decision that may include a cap on rates. In a report for Finance Minister...
View ArticleEstate agents to meet with governor of the Central Bank
A number of estate agents are to meet with the governor of the Central Bank today to discuss the property market. Amongst the items to be discussed with Patrick Honohan include the impact of lending...
View ArticleNine months on have the new Central Bank rules been good or bad for the market?
It has been nine months since the new Central Bank lending rules have come into force but in recent weeks there have been calls for them to be removed. Critics of the mortgage lending rules, introduced...
View ArticleNew Central Bank governor Philip Lane sends YouTube message to staff
New Central Bank Governor Philip Lane has said he will be a regular user of blogs and video messages for communicating with staff, as he took to YouTube to deliver a message to employees on his first...
View ArticleDecision on 20% deposit expected within days
The Governor of the Central Bank Patrick Honohan has said a decision on if a 20% deposit will be required to secure a mortgage will be made in days. The Central Bank has carried out a public...
View ArticleFirst time buyers will now require a 10% deposit while all other purchasers...
The Central Bank will offer some relief for first-time buyers under revised rules on mortgage lending. Prospective home-buyers will have to save bigger deposits under the regulations. Banks will only...
View ArticleNoonan to discuss rate cuts with banks
Finance Minister Michael Noonan has said he will discuss cutting variable mortgage rates with Ireland’s top lenders in the coming weeks. Minister Noonan said that following his meeting with Central...
View ArticleBanks warned to cut rates or face a government cap
Central Bank chief Patrick Honohan has warned banks to cut their variable mortgage interest rates or face government policy decision that may include a cap on rates. In a report for Finance Minister...
View ArticleEstate agents to meet with governor of the Central Bank
A number of estate agents are to meet with the governor of the Central Bank today to discuss the property market. Amongst the items to be discussed with Patrick Honohan include the impact of lending...
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