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 ...