Banks pondering new solutions to toxic mortgage sales

A number of banks are devising alternative solutions to remove the toxicity of the widespread sales of mortgage loans to vulture funds, The Sunday Business Post has learned.

Debt advocate David Hall is considering acquiring a portfolio of non-performing mortgage loans from AIB, amid a step-up of distressed asset sales by banks.

It is understood that, in recent weeks, Hall has met with AIB and advisory firm Grant Thornton to consider how to ...