Mortgages missing key documents

More than one in ten mortgages held by the four remaining domestic banks is missing key loan documentation data such as property valuation, location or a property identifier, according to informatio

13th November, 2011

More than one in ten mortgages held by the four remaining domestic banks is missing key loan documentation data such as property valuation, location or a property identifier, according to information in a technical paper published last week by the Central Bank.

More than 78,000 mortgages out of 688,000 loans surveyed for the study are missing key bits of documentation, which meant they had to be excluded from the Central Bank's detailed analysis of negative...

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