Are we heading for a second wave of repossessions?

Are we heading for a second wave of repossessions?
Central Bank report laid bare human cost of financial crisis. Pic: iStock

Vulture funds could move quickly to ensure a return on any troubled loans they buy from the banks

So, with the stroke of a pen, it emerged last week the impact of the crash was worse than what we thought. Much worse, in fact.

The Central Bank published new research revealing that the number of mortgages that were adjusted since the crash was much larger than previously thought – some 200,000 mortgage holders sought deals from their banks to lower repayments as a rest of financial pressure. This is much higher than the...

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