Irish Mortgage Arrears Up, Repayments Down

20 May 2009

The number of Irish mortgage holders are in arrears on their loans has risen dramatically, while borrowers are paying off their mortgages are at the lowest level in a decade, according to Moody’s Investors Service.

The number of Irish mortgage holders are in arrears on their loans has risen dramatically, while borrowers are paying off their mortgages are at the lowest level in a decade, according to Moody’s Investors Service. Moody’s noted that mortgage arrears reached 1.7% in the first quarter, compared with ...

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