Thursday, August 14 17:23:38
The Department of finance today released their latest mortgage arrears figures.
Engagement between consumers and lenders has led to 72,819 permanent mortgage restructures, an increase of 3,513 accounts on the end of May 2014 and 10,754 accounts on end Q1 2014.
The number of mortgage accounts in arrears of greater than 90 days has fallen from 73,719 to 72,897, a drop of 822 accounts when compared to the end May 2014, and a fall of 5,538 when compared to end Q1 2014.
Total mortgage accounts in arrears (all arrears 1 day past due) continues to fall. The number of accounts in this category has fallen by 2,719 accounts when compared to the end of May 2014 and by 7,827 by end Q1 2014.
The number of split mortgages continues to increase with 14,158 split mortgages in place at the end of June, an increase of 4,114 on Q1 2014.
The number of PDH accounts in arrears of greater than 90 days and not restructured has fallen from 62,210 accounts at the end of August 2013 when this series began, to 52,053 accounts at the end of Q2 2014.
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