By The MyHome Newsdesk
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Posted in Mortgages & Money, Property News
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Also tagged Bloomberg, Chief Executive, debt forgiveness, interest rates, Irish banks, loan, Mortgage, mortgage debt forgiveness, Permanent TSB, Ray Gordon, repayment, variable
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Permanent TSB chief executive Jeremy Masding said Irish banks would need more capital should they become overly lax on mortgage debt forgiveness and variable-loan interest rates fall below those assumed in stress tests. Exceptional or unusual rules in relation to debt forgiveness “would have a material impact on customer repayment behaviour and the calculations underlying [...]
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By The MyHome Newsdesk
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Posted in Commercial, General, Mortgages & Money, Property News
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Also tagged arrears, asset management, bad debts, branch, commercial, debt, debts, Finance, investment, Mortgage, mortgage arrears, Permanent TSB, residential mortgage
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The number of people in arrears on their mortgages with Permanent TSB has increased by almost 2% in the first half of 2012. The bank today reported a loss after tax of €566m for the first six months of the year. A large portion of that is down to residential mortgage arrears, with 13.2% of [...]
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By The MyHome Newsdesk
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Posted in Home, Mortgages & Money, Property News
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Also tagged arrears, Arthur Spring, Chief Executive, finance committee, Kevin Humphreys, Labour, loans, Oireachtas, tracker mortgage, trackers, variable rate, variable rate mortgages
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The chief executive of Permanent TSB will face a grilling from the Oireachtas finance committee today on their high standard variable mortgage rate. Jeremy Masding and other senior figures at the state-owned bank will be queried about how the high rate has affected the rate of arrears on mortgages. Labour TDs Kevin Humphreys and Arthur [...]
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By The MyHome Newsdesk
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Posted in Home, Mortgages & Money, Property News
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Also tagged Barclays, Central Bank, Central Trust, Chief Executive, David Guinane, Irish Life, Irish Life & Permanent, pensions, Permanent TSB
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Irish Life & Permanent has announced the appointment of Jeremy Masding as Chief Executive of the group’s banking business, Permanent TSB. Mr Masding (46) will replace current chief executive David Guinane who is to leave Irish Life and Permanent late next month. Masding worked in a number of roles in Barclays between 1984 and 2007 [...]
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