Search Results for 'Mortgage-backed security'

Responding to the ECB interest rate increase of 0.75 percent, Brokers Ireland said even though predicted by some commentators the fact that it is on the higher side is very disquieting for consumers with the real worry now being the unknown one of how long such increases will go on for and what level they will reach.

Commenting on the most recent Central Bank Retail Interest Rates for July 2021, Brokers Ireland said while Ireland is back at the top of the euro area league with Irish mortgage holders paying 1.45pc over and above the euro area average, there has been a continuing marginal improvement in the rate, reflecting more competition in the Irish market.

In a pre-Budget submission for IPAV, the Institute of Professional Auctioneers and Values, economist Jim Power says enabling those earning up to €60,000 to borrow up to 4.5 times income, as opposed to the current 3.5 times income, would bring some equity to the market and give hope to a large cohort of the younger generation.

Commenting on recent Central Bank figures indicating a growth in net lending for mortgages, Brokers Ireland said such figures indicate the state of banking rather than charting what is actually happening with consumers.

So confident is Pat Fleming in making your mortgage application effective, he has trademarked the process as “Right first time”.

Mayo Fine Gael TD, Michelle Mulherin, this week called for representatives of county registrars to be invited before the Oireachtas Finance Committee to discuss how meaningful engagement by the banks can help resolve the current situation on mortgage arrears.

Mayo Deputy Dara Calleary has said new proposals on tackling the mortgage crisis published by Fianna Fáil this week will put homeowners back in the driving seat instead of giving all the power to the banks.

Mayo Deputy Dara Calleary has said new proposals on tackling the mortgage crisis published by Fianna Fáil this week will put homeowners back in the driving seat instead of giving all the power to the banks.

Newly published proposals on tackling the mortgage crisis will put homeowners “back in the driving seat” instead of giving “all the power to the banks”.

It is “deeply unfair” to expect homeowners, who “cannot afford their home as it is”, and are in mortgage arrears, to have to pay “hundreds of euro in extra tax on that home”.