Search Results for 'United States housing bubble'

AIB currently has some of the lowest mortgage rates and repayments in the Irish market. In the overall mortgage market AIB approved mortgages to the value of €845 million in 2011.

Labour councillor Niall McNelis has called on Galwegians to pay the household charge but to make sure beforehand whether or not they might be exempt from paying.

Deputy Nicky McFadden has said the publication of the Finance Bill signals hope for homeowners and lower paid workers.

Fine Gael Mayo TD, Michelle Mulherin, has said the Personal Insolvency Bill published last week will give a vital lifeline to distressed mortgage holders and those overwhelmed by personal debts. The Heads of the Bill was published by Ministers Alan Shatter and Michael Noonan this week, and it is hoped it can be published in its legislative form by the end of April.

What a boost Allergan gave the county when it announced on Monday morning the creation of 200 jobs, 250 construction jobs, and an investment of $350 million in the Westport company.

Increasing mortgage interest relief for those who bought their first home at the height of the property bubble “will help a significant cohort of people”.

Like the man-flu that exists in the minds of men only (or does it?), it is perhaps possible to live in denial of the economic hell breaking around on all sides of us now, simply by switching off the radio and refusing to tune into news of any kind. Unfortunately, such an approach is not only unrealistic, it is flawed. Whether we like it or not, nothing can be resolved until tackled head on. While confrontation is something most of us avoid, in cases of crisis such as now, it is unavoidable. We must face facts. The so-called Irish recession is not in the past tense. We are heading not only towards a new recession, but a likely depression.

Mortgage arrears

There is no “magic bullet” or “one size fits all solution” to mortgage debt in the country. These were comments made by the Minister for Finance, Michael Noonan, on Thursday morning, as he addressed the Oireachtas Committee on Finance, Public Expenditure and Reform.

Kilkenny Labour TD Ann Phelan has welcomed the recent recommendations by the CSO and prominent economists of the need for a national housing price database.