Irish Mortgage Delinquencies Up In Q4 2011

Posted by Orb Staff on February 17, 2012 No Comments
Categories : Mortgage Servicing

10954_0a0526pic Irish Mortgage Delinquencies Up In Q4 2011 New data from Ireland's Central Bank shows a fourth quarter 2011 increase in the number of homeowners who are delinquent on their mortgage payments.

RTE News reports that 9.2% of Irish borrowers were more than 90 days behind on their mortgage payments in the final three months of last year – an increase from 8.1% during the third quarter. The Central Bank's data also shows a 6.7% increase in refinanced mortgages over the same period.

During the fourth quarter, 133 Irish residences were repossessed by lenders – an 18% drop from the third quarter. Banks and building societies sold 118 repossessed properties during the fourth quarter, leaving them with an inventory of 895 repossessed but unsold properties.

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