Monday June 1, 2020

€5.5 billion-worth of mortgages now in arrears

About €5.5 billion worth of Irish mortgages are estimated to be in arrears of 90 days or more.

22nd May, 2010

About €5.5 billion worth of Irish mortgages are estimated to be in arrears of 90 days or more.

A report by credit rating agency Moody’s showed the numbers of prime mortgage holders in arrears for more than 90 days rose to 3.8 per cent in March, compared with 2.1 per cent a year ago. Prime mortgages are given to people with good credit histories.

The Moody’s figures are based on the €42 billion worth of prime mortgages...

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