Sunday February 23, 2020

Mortgage endgame begins

Internal guidelines published by the Central Bank and circulated to the main banking groups give a clear insight into how borrowers in difficulty will be treated, writes Emma Kennedy.

27th July, 2013
Matthew Elderfield, outgoing deputy governor of the Central Bank. Photo: Maxwells

Finally, the mortgage crisis has come to the crunch. The Central Bank has issued strict guidelines on dealing with mortgage debt to lenders, a copy on which has been seen by *The Sunday Business Post*. The message is clear.

Forebearance is simply not enough any more. Sustainable solutions must be offered. But it is in what exactly the Central Bank sees as sustainable solutions where the questions - and debate - have been.

The bottom...

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