Post Script: We need a fresh approach to the mortgage shambles
The banks have been dismayingly slow to address the mortgage crisis reality, and the latest Central Bank figures shed little light on matters, writes Richard Curran.
Before we all get hugely worked up about the pending house repossession crisis that is now heading our way, we should first take a close look at the shambles that mortgage lenders have made of handling events so far.
Banks keep talking about the forbearance they are applying, which has resulted in relatively low repossession levels in Ireland, given the scale of the crisis.
However, state-owned banks would not have been allowed to engage in...
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