Central Bank deputy governor Ed Sibley this week disclosed that a quarter of all those in long-term arrears on their mortgage payments are in their 60s or older. Photograph: Getty Images/iStockphoto

Ireland’s mortgage arrears problem is not going away. If anything, it is becoming more acute – especially for an older cohort of distressed borrowers.(...)

The Central Bank of Ireland, North Wall Quay. The bank has told lenders to stop adding legal costs to the outstanding bill of customers who are already in arrears. Photograph: Alan Betson

David Hall put it succinctly: “When someone is drowning, you don’t pour more water in on top of them.” The mortgage arrears activist was referring t(...)

Increases in property prices and rents are continuing and the supply response has been insufficient. Photograph: Cyril Byrne

The shortage of housing supply and the significant increases in property prices are posing a major risk to the Irish economy, the European Commission (...)

“It is a Nama for the people,” said iCare’s David Hall. “Why can’t a mini-Nama buy the [distressed] loan and sell it back to the customer at a discount or restructure the loan?” Photograph: Alan Betson

Strong support for a proposal for greater State support for people in mortgage arrears made by the Master of the High Court has come from one of the n(...)

Ulster Bank has designed a new user-friendly communication, urging customers to engage with the bank. This will be sent out this week

Ulster Bank believes that many of the 2,000 borrowers in mortgage arrears who have refused to engage with it on their debts are “determined” defaulte(...)

Matthew Elderfield has cut himself a big stick with which to beat the banks if they don’t hit their targets under the new proposals for dealing(...)