SF loan book bill would kill mortgage market, say main banks

SF loan book bill would kill mortgage market, say main banks

Ireland’s mortgage market could become “practically inoperable” with banks raising interest rates and struggling to access international funding if a Sinn Féin bill to regulate the sale of loan books to vulture funds proceeds, a banking lobby group says.

The Sunday Business Post understands that a number of banks have also expressed concerns that their ability to reduce mortgage arrears would be in jeopardy if it goes ahead, as loans will become unattractive...

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