Mortgage lending collapse underlined by new IBF data

The collapse in mortgage lending was underlined by new data released by the Irish Banking Federation (IBF), the industry umbrella group, last week.

4th December, 2010

The collapse in mortgage lending was underlined by new data released by the Irish Banking Federation (IBF), the industry umbrella group, last week.

The IBF’s figures showed homeloans with a total value of €3.7 billion were drawn down in the first nine months of the year. This was just 12 per cent of the €29.5 billion drawn down in the same period in 2006, when activity in the mortgage market was at its most frenetic.

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