Mortgage sell-off in doubt as Fianna Fáil plays hardball
Move comes as Ulster Bank and AIB prepare large loan sales; stance could halt PTSB’s plan to sell 20,000 struggling mortgages
Plans to offload tens of thousands of mortgages by a number of Irish banks are in jeopardy this weekend, with Fianna Fáil poised to invoke the confidence and supply agreement with the government to block the sale of distressed mortgages to unregulated vulture funds.
The ultimatum by the opposition party comes as both AIB and Ulster Bank prepare to pull the trigger on the sale of large portfolios of loans, including significant numbers...
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