The Financial Regulator today published new data on mortgage arrears and repossessions. The data show that as at end September 2009 there were 791,634 private residential mortgage accounts to a value of €118.6 billion. Of these 3.3%, were in arrears for more than 90 days of which 17,767, or 2.2%, were more than 180 days in arrears. By value €4.8 billion was owed in relation to all accounts more than 90 days in arrears and €3.2 billion was owed in respect of accounts more than 180 days in arrears.
During the quarter ended September 2009, 218 enforcement proceedings were concluded. In 79 cases the Courts granted repossession orders which included 6 properties that were voluntarily surrendered and 2 that were abandoned. In the remaining 139 cases, 28 properties were voluntarily surrendered, 10 were concluded by abandonment while 101 were settled either by renegotiating the mortgage or on other terms.
Latest posts by Donagh (see all)
- The policy of transferring incomes to capital and the rich - September 6, 2012
- ILR Will Not Blink While Facing Down the Jaws of Excessive CPU Usage - September 6, 2012
- Dan Froomkin | The Jobs Crisis Obama, Romney and the Low-Wage Future of America - August 29, 2012
- Money as a Social Construct – Talk Given by Mary Mellor - August 27, 2012
- - August 23, 2012