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Arizun managing director John McDaniel and director Cathal O’Leary: “Arizun will buy the mortgage from the bank and write off the mortgage debt plus arrears.” said Mr O’Leary.

Irish company Arizun believes it has come up with a solution to the problem of long-term mortgage arrears, one that will keep distressed borrowers in (...)

Arizun managing director John McDaniel and director Cathal O’Leary: “Arizun will buy the mortgage from the bank and write off the mortgage debt plus arrears.” says Mr O’Leary.

An Irish company has secured €100 million in funding to buy up distressed mortgage loans with a view to keeping people in their homes on a sale-and-le(...)