Irish Mortgage Defaults Stabilize

19 Feb 2010

The proportion of mortgage holders who are 90 days or more in arrears appears to be stabilizing.

The proportion of mortgage holders who are 90 days or more in arrears appears to be stabilizing. Moody’s Investors Service reports that Irish residential mortgages backing bonds accounted for 3.24% of total loans in December, down from 3.26% the previous month. The percentage of defaults also declined from ...

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