Brendan Burgess
Founder
- Messages
- 52,118
http://www.finance.gov.ie/documents/publications/reports/2013/mortgagearrearaug2013.pdf
Of the 1.9 million houses* in Ireland, the total number of mortgage accounts under MART at the end of August stood at 699,764. Of these:
o 579,010 (83%) were performing and not in arrears
o 120,754 (17%) were in arrears of more than one day
o 71,086 were restructured
Engagement between consumers and lenders has resulted in 41,236 permanent mortgage restructures.
25% of mortgages in arrears over 90 days have been restructured
75% have not
Types of restructures
Term extension|14,230
Interest only |9,046
Capitalisation|6,269
> interest only|5,832
hybrid|2,311
split|2,521
Part capital|1,020
Of the 1.9 million houses* in Ireland, the total number of mortgage accounts under MART at the end of August stood at 699,764. Of these:
o 579,010 (83%) were performing and not in arrears
o 120,754 (17%) were in arrears of more than one day
o 71,086 were restructured
Engagement between consumers and lenders has resulted in 41,236 permanent mortgage restructures.
25% of mortgages in arrears over 90 days have been restructured
75% have not
Types of restructures
Interest only |9,046
Capitalisation|6,269
> interest only|5,832
hybrid|2,311
split|2,521
Part capital|1,020