Report in Irish Times today re Lloyd's banking group putting remaining mortgage portfolio for sale.
Highlights:
C. 5bn in loans
Only 3% in arrears
C. 28% in negative equity
Large portion of interest only loans (impact on negative equity)
Assumed largely tracker portfolio
This will be the largest portfolio sale of performing mortgages, so will be interesting to see how it sells in context of recent Danske sale.
https://www.irishtimes.com/business...le-to-finally-quit-ireland-1.3300206?mode=amp
Highlights:
C. 5bn in loans
Only 3% in arrears
C. 28% in negative equity
Large portion of interest only loans (impact on negative equity)
Assumed largely tracker portfolio
This will be the largest portfolio sale of performing mortgages, so will be interesting to see how it sells in context of recent Danske sale.
https://www.irishtimes.com/business...le-to-finally-quit-ireland-1.3300206?mode=amp