rustbucket
Registered User
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Ireland has been bailed out by EU/IMF.
Banks have been bailed out by the Taxpayer to the extent that we now own most if not all the big Irish ones
Banks have also been bailed out by NAMA.
Given the likelihood of increased interest rates, would it be possible for the government to set up a new bank to deal specifically with exisiting mortgage debt from other banks?
Surely Mortgages should or could form part of bank re-structuring. If a developer can have his debt transferred to Nama. Can an individual not have their mortgage (positive or negative equity) transferred to something similar?
Would there be any merit in an idea like this? Would it work?
Banks claim they are losing hand over fist on trackers. As a result the variable rate customer is bearing the brunt. So Why cant the banks transfer loss making trackers to a new system similar to Nama.
Im not entirely sure of the ins and outs as im no financial or mortgage expert but could something like this work?
Banks have been bailed out by the Taxpayer to the extent that we now own most if not all the big Irish ones
Banks have also been bailed out by NAMA.
Given the likelihood of increased interest rates, would it be possible for the government to set up a new bank to deal specifically with exisiting mortgage debt from other banks?
Surely Mortgages should or could form part of bank re-structuring. If a developer can have his debt transferred to Nama. Can an individual not have their mortgage (positive or negative equity) transferred to something similar?
Would there be any merit in an idea like this? Would it work?
Banks claim they are losing hand over fist on trackers. As a result the variable rate customer is bearing the brunt. So Why cant the banks transfer loss making trackers to a new system similar to Nama.
Im not entirely sure of the ins and outs as im no financial or mortgage expert but could something like this work?