Tag Archives: Non-performing loans

Rising

The latest IMF report card is in.

They want more houses repossessed.

And faster.

RTÉ reports:

“The IMF states lenders are “only beginning to tackle non-performing loans”.

It says repossessions are low at 0.3% of total mortgage arrears in 2012, compared to 3.25% in Britain and the US.The IMF said that suggested a need to strengthen the efficiency of the repossession regime. It also says that the designation of specialist judges could concentrate expertise for handling a “potentially larger volume of repossession cases in an expedited manner”, while maintaining protections for homeowners.”

 

IMF delivers tough assessment of Irish economy (RTÉ)

Previously: The Post-Easter Rising

(Pic: The Atlantic)