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SPECIAL LIQUIDATORS APPOINTED to manage the operations of the Irish Bank Resolution Corporation (IBRC) have announced an agreement has been reached with phase two bidders for the mortgage book.
Under the agreement, successful bidders will sign up to the Central Bank’s mortgage arrears code of conduct.
Concerns had been expressed about the plan to sell 13,000 mortgages with a possibility that families would be stripped of protections.
Earlier this month, TD Stephen Donnelly said that under the plan, the discount on the mortgages will be “turned into profits for large financial firms rather than benefitting thousands of Irish families as it could”.
The code of conduct sets out rules for all lenders when dealing with borrowers who are in arrears on a mortgage they have secured on a primary dwelling.
Liquidators Kieran Wallace and Eamon Richardson of KPMG said today they were aware of “the anxieties of mortgage holders and had noted the concerns expressed in recent weeks by the Minister for Finance and other members of the Oireachtas”.
We are pleased that the bidders have voluntarily indicated that if successful, they would direct that the mortgage loans were serviced in accordance with the terms of the CCMA [Central Bank of Ireland Code of Conduct on Mortgage Arrears].
“We are satisfied that the voluntary nature of this arrangement strikes a fair balance between the interests of mortgage holders as well as interests of the creditors of IBRC,” they added.
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Over advertising and too many contestants ruined the Irish one. Sad to see the original one may go the same way.
And I thought it was the contestants couldn’t cook.
@S:
Bake off with all these stupid polls.
Chris Evans might be free to present.
Really sad that this “story” is getting so much coverage both here and in UK. All perspective lost.
I wonder how the inhabitants of Aleppo would vote in this poll John.
@John Ryan: Between this and Brangelina, this has been the worst week of my life.
It is an article asking would you be watching new show, why the f¥<¥ did you read the article if you've such little interest?
You’re a philistine John. The best show in the history of television, a glorious piece of art no less, is about to demise, and all you can talk about is the bloody news. I can’t get over done people. Honestly. I’m too emotional to keep writing…
I meant “some people” …can’t see the keyboard through my tears.
If that’s for me John I’ve so little interest that I didn’t actually read it.
My soggy bottom will never recover.
You should have a “what the hell are you talking about” option
Hope they can get the same tent – it is the real star of the show!
I don’t understand the Journal’s lack of compassion here. Reporting on Channel 4′s so called replacement show when so many of us are still in mourning. Have they no respect? They should be publishing the numbers of counselling services for those affected instead. Lots of people couldn’t face work here today. Those that are in are walking around dazed and in shock. Like zombies.
I chose “I never watched it” though for the sake of grammatical accuracy it should have read “I have never watched it” or “I’ve never watched it”.
@Fifty Shades of Sé: I also chose that option but I would have preferred, “I wouldn’t watch that crap even if you paid me”!
Never watched it and never will.I’ve enough problems in my own kitchen without looking at a bunch of clowns who couldn’t boil an egg.
@dee jayy: oh? What’s wrong with your kitchen? It is OK?
No it’s not Dave. My smoothie machine isn’t working.
@dee jayy: I wouldn’t mind having some cooking lessons from Mary Berry, she is certainly no clown.
Will I watch paint dry? Pass
Another useless Journal poll
How about a simple yes no choice?
Giving it a chance is actually the same as yes
Considering the hosts haven’t been confirmed its a bit hard to answer that , Soft spot for Nigella so hope she gets it
Hey Alan sorry to hear it’s a soft spot :-)…Nigella gives me a hard………………………………………..
Spotted dick?
It’s always been soft Robin
That must be hard to live with …
Nigella? Too tweaky to wait patiently while others cook.
You’d really have to ask my wife, she takes care of whether we watch Bake Off or not.
A big loss without Mary Berry, someone who knows about cooking with Paul Hollywood who apparently served his time in his fathers bakery, but couldn’t get on with him. I think that this show will fail with Ch4.
Jeez Daragh, what a fine big lump of a fella you are! I’d say you’d have no problem sticking the beef in a wellington. . with an extra large portion of hot Madeira gravy, gently trickling down the sides.
More bollocks!
I’ll be watching ‘The new irish 100 ways to boil spuds’ on tg5
141 Select BBC1 on Sky Box, or Services, Other Channels, Scroll across, Down several channels, Select for CH4. Too much hard work to be honest. BBC will probably put some big hitter on at the same time as the new show just to annoy CH4.
Why not just press 135
Only available if you have a sky subscription package, I do not.
It’ll never match up to my upside-down upside down pineapple cake in Transition year mind… :p
Not ha Poe
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Why not have a poll on how children in this country are wrapped in cotton wool, driven to school, driven to everything …
Will Paul have Haley Berry instead of Mary and chuckle brothers
have your say