Homes are where the headaches are
Last week’s Irish Banking Federation (IBF) numbers on mortgage lending offered little comfort for the National Asset Management Agency (Nama).
Last week’s Irish Banking Federation (IBF) numbers on mortgage lending offered little comfort for the National Asset Management Agency (Nama).
According to Minister for Finance Brian Lenihan, the bad bank’s business plan envisages that it could make a profit if property prices rise by 10 per cent over the next ten years.
Nama aims to maximise its returns by taking possession of commercial and residential property from developers who fail to repay...
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