0 minute readAn interim report dealing with mortgage holders who are in difficulty is expected to be presented to Irish Minister for Finance Brian Lenihan this week. The report, from a group headed by insolvency expert Hugh Cooney, may recommend that lenders offer troubled mortgage holders the chance to extend the length of their mortgage, let them pay interest only for a time or allow them a payments break to give them time to get their finances back on track.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio