Government should introduce universal mortgage insurance - report

The government should introduce a universal scheme of mortgage insurance in Ireland for high loan to value mortgages, a new report has urged.

16th July, 2014
a universal scheme of mortgage insurance could help first-time buyers, the report claimed.

The government should introduce a universal scheme of mortgage insurance in Ireland for high loan to value mortgages, a new report has urged.

The report, written by economist Jim Power on behalf of insurance giant Genworth Financial, said ample international precedents exist that support such a measure in an Irish context. The report suggested that the absence of such a credit risk mitigant on high loan to value (LTV) loans during the boom contributed to...

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