Search Results for 'Vulture'
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Research shows that most home possessions in Ireland are pursued by household name banks not vulture funds
A major research report confirms, for the first time, that almost half of the mortgage possession cases listed before the courts are being pursued by “household name” banks, which are directly supervised by the European Central Bank.
A Sinn Féin councillor has expressed "disappointment" with two Galway West TDs who voted against a Bill in the Dáil that would seek to prevent sales of mortgages to vulture funds without the consent of the mortgage holder.
The findings of a Central Bank report revealed this week which stated that there is no evidence that vulture funds are failing to engage with defaulting customers have been rubbished by independent TD Michael Fitzmaurice.
Homeowners and SMEs throughout the State are “living in fear” that their loans will be sold to vulture funds, which has raised fears of “mortgage holders being thrown to the wolves if such a sale was allowed to proceed”.