Friday December 13, 2019

Vulture funds courted over distressed mortgages

22nd August, 2015
Department of Finance releases 2016 figures. Pic:

Government officials contacted representatives from several ‘vulture funds’ in a bid to find a solution to the mortgage arrears crisis, documents show.

Correspondence, revealed under Freedom of Information requests, shows meetings with representatives of Lone Star, Oaktree and Apollo (through their loan-handling entities) as well as with distressed debt buyer Kennedy Wilson.

Representatives of the international funds were invited to a meeting at the Department of the Environment in June to discuss ways...

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