Thursday February 27, 2020

The banks should resist playing the blame game

Holding legacy defaulters responsible for high mortgage rates won’t do the lenders any favours

Ian Guider

Markets Editor

17th March, 2019
Pearse Doherty: the Sinn Féin spokesman on finance, wants to stop banks selling mortgage debts without the consent of borrowers Rollingnews

A number of months ago, a source in the banking world predicted that this year would see a fightback by the banks against some of the commentary about the sale of loan books to vulture funds, and why the mortgage interest rates in Ireland are consistently higher than the eurozone average.

I know it has grated with the banks that they are blamed for not acting more speedily on mortgage arrears, yet at the same...

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