Saturday December 7, 2019

Slow mortgage arrears progress is Honohan's biggest regret

Philip Lane replaces Honohan as Central Bank governor tomorrow

Barry J Whyte

Chief Feature Writer

@whytebarry
25th November, 2015
Patrick Honohan spoke on his last day as governor Pic: Rollingnews.ie

Central Bank governor Patrick Honohan, who steps down from the role tomorrow, has said the remaining backlog of mortgage arrears is his biggest regret.

Speaking to reporters at a debt workshop organised by the Nevin Economic Research Institute (NERI), Honohan said that solving the mortgage arrears crisis quickly was something he had been very anxious to do.

Honohan said in his time as governor wanted to expedite situations in which “the triage between people where...

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