Promontoria

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AIB, Bank of Ireland, Ulster Bank and KBC  accounted for 46 per cent of house possessions  between April and December 2019.

Banks are still responsible for the majority of home repossession actions in the State, according to major new research from NUI Galway. Some 65 per(...)

Mr Justice Brian McGovern, on behalf of the Court of Appeal, said the transfer of the loans from Nama (through its company National Assets Loan Management) to Promontoria was done properly.

A property developer has failed in an appeal in which he challenged the sale of his and his company’s loans of about €25 million to a fund. William F(...)

The number who could avail of the mortgage-to-rent  scheme could rise to several thousand over an extended period. Photograph: iStock

Thousands of distressed mortgage holders in danger of having their homes repossessed look set to be thrown a lifeline after a so-called vulture fund r(...)

Cerberus bought the loans, collectively called Project Eagle and worth around £4 billion, at a discount in April 2014 from Nama. Photograph: Cyril Byrne

New figures show that the US vulture fund that bought State assets agency Nama’s Northern Ireland property loans in a controversial deal had collected(...)

Over 120 mortgage debt cases in just over an hour and a half at Tullamore Circuit court

A large proportion of the repossession cases which came before a registrar’s sitting of the Circuit Court in Tullamore, Co Offaly on Tuesday, were ini(...)

Land Registry and Registry of Deeds records show loan charges totalling more than €1.5 million were registered against properties owned or co-owned by Paul Howard. Photograph: Padraig O’Reilly

Businessman Paul Howard, the landlord at the centre of an eviction row with tenants at an apartment on Mountjoy Square in Dublin, had a succession of (...)

Nama chairman Frank Daly and chief executive Brendan McDonagh have been forced to defend the agency’s decision to sell its Project Eagle loans in Northern Ireland to Cerberus. Photograph: Matt Kavanagh

New figures show the US vulture fund that bought the National Asset Management Agency’s Northern Ireland property loans in a controversial deal had co(...)

Three judgment orders are being sought  by Promontoria (Aran) Ltd, a subsidiary of Cerberus, against Mr Hughes, his wife Margaret, and former AIB executive director Tom Browne. Photograph: Bryan O’Brien

A former senior executive with AIB in Galway, John Hughes, had debts of between €85 million and €95 million in 2015, with most of the money due to the(...)

Mick Wallace: he clashed with Cerberus last year when he raised questions over the US fund’s purchase of a group of Northern Ireland-linked loans, called Project Eagle, from Nama for €1.6bn

The US-backed company that is pursuing Independent TD Mick Wallace for a €2 million property debt earned €54 million in profits last year, the latest (...)

 Promontoria Eagle director Mark Neporent said Cerberus preferred to work with borrowers rather than  appointing receivers. Photograph: Bill Pugliano/Getty Images

US vulture fund Cerberus appears to have cleared an €860 million loan used to buy Nama’s Northern Ireland loans in a deal that is now the subject of s(...)

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