A collective sigh of relief from mortgage holders?

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Ian Kehoe - avatar

Ian Kehoe

7th May, 2017

Mortgage arrears is a continually contested terrain, a constant battlefield between the constraining influence of moral hazard and the creative compassion of write-offs. It is a battle that is both philosophical and political, and Ireland has grappled with it since boom became bust close to a decade ago.

For 15 successive quarters, the number of people in mortgage arrears has been falling. Central Bank data shows the figure fell by 2.6 per cent in the...

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