Another example of shocking reporting on the arrears problem

More than 25,000 people who were in arrears lost their homes between April and September, according to the latest figures from the Central Bank.

By the end of September, the banks had dealt with 47,087 customers in arrears, which resulted in 21,177 restructured mortgages and 25,910 in loss of ownership.

Loss of ownership did not mean that 25,910 homes had been repossessed over that period. Rather, it includes mortgage holders who have surrendered their properties or agreed to a voluntary sale of their homes, as well as banks issuing legal proceedings in order to repossess the homes of owners in arrears.

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Today’s Irish Times details a survey which shows massive differences between public opinion and facts. Judging by these front pages it is not difficult to see how such perceptions get a foothold.

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Brendan Burgess said:

Séamus Coffey has posted about this as well.

http://economic-incentives.blogspot.ie/2013/11/reporting-mortgage-crisis.html

which makes the following particularly good point

Today’s Irish Times details a survey which shows massive differences between public opinion and facts. Judging by these front pages it is not difficult to see how such perceptions get a foothold.

Click to expand...