Tag Archives: mortgage arrears

Govt sits on its hands while over 550 mortgages a week fall into arrears

The Government is paralysed by the scale of the mortgage crisis and is failing to help families in difficulty in a comprehensive way, according to Mayo Fianna Fáil TD Dara Calleary. The Central Bank has confirmed that 77,630 or 10.2% of all private residential mortgages are now in arrears of more than 90 days. Deputy Calleary said, “The crisis facing families in Mayo and across the country is accelerating every week. The national figures reflect what I have been seeing in my own constituency for a number of months. In the first three months of the year a further 6,685 mortgages fell into arrears of more than 90 days, almost […]

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