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Central Bank

The Central Bank issued its quarterly Residential Mortgage Arrears & Repossession Statistics report for Q4 2018.  While the number of mortgages in arrears has again decreased, the rise in sales to non-bank entities of both performing and non-performing loans continues to put homeowners at risk.

The Central Bank of Ireland is currently formulating its Strategic Plan 2019-2021.  In light of the number of regulatory issues coming to light - with tracker mortgages, over-charging and access issues - it is important that this Strategic Plan focus on consumer protection and regulation of the financial sector to ensure accountability and access to essential services.  See Social Justice Ireland's submission to the Central Bank here

Almost 10,000 people accessed emergency accommodation in February 2018.   Research released today by the Central Bank of Ireland suggests that almost 35,000 more are at risk of homelessness through late stage mortgage arrears.