Report of the Inter-Departmental Mortgage Arrears Working Group, October 2011

28-10-2011

On 29 July 2011 an Inter-Departmental Working Group (the “Group”) formally commenced work to consider further actions to alleviate the increasing problem of mortgage arrears in Ireland at the request of the Government’s Economic Management Council. The Group reported its findings on 30 September 2011 and its report (the “Report”) was recently published following consideration by the Government. The Report sets out the Group’s conclusions in respect of debt forgiveness and other measures. It focuses solely on home owner mortgages and does not address the buy-to-let market.

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