BoI backer Wilbur Ross had plan to avert evictions

Billionaire said he proposed a sale and leaseback solution for families with distressed home loans

8th May, 2016
Wilbur Ross

Former Bank of Ireland investor Wilbur Ross had talks with the government about a state-backed solution to the thousands of blitzed mortgages on the books of the pillar banks.

In an interview with this newspaper, Ross said he had proposed a sale and leaseback solution for families with distressed home loans which was a variation on public-private partnerships schemes used in the United States.

In the US, a Wilbur Ross fund raised $1 billion in...

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