Monday February 17, 2020

Mortgage timebomb at INBS

The residential mortgage loan book of the former Irish Nationwide is imploding at a worse rate than other lenders, new figures from its parent company, IBRC, have revealed.

25th August, 2012
Michael Fingleton: huge arrears on former INBS loan book.

The residential mortgage loan book of the former Irish Nationwide Building Society (INBS) is imploding at a worse rate than other lenders, new figures from its parent company, IBRC, have revealed.

A huge 52 per cent of the owner-occupier residential loans given out by Michael Fingleton's building society are now either past due or actually impaired, half-year figures from IBRC show.

When buy-to-let residential loans are included, the figure jumps to 58 per cent. Owner-occupiers reduced...

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