Tag Archives: banking

RTE News – Insolvency Service receiving 100 calls a day

RTE News – Insolvency Service receiving 100 calls a day

The mortgage crisis

We were asked to contribute as part of an independent panel at the Fianna Fail ard fheis, we were one of three independent experts offering opinion on the topic.

Will there be more or less competition in banking?

Something occurred to me recently, it’s that state controlled AIB have too many distribution channels. There is AIB branches, AIB direct and online, AIB for brokers, then EBS both broker owned and direct and finally a soon to be revamped sub-group called ‘Haven Homeloans’. No matter who you make an application to the actual underwriting of the loan (the criteria of whether you get it or not) will be identical.

TV3 – Ireland AM, 23rd May 2012

In this piece Noleen Blackwell from FLAC and Karl spoke to Mark and Sinead about mortgage arrears and figures that were due out from the Central Bank. This was our first time to go on Ireland AM and as always everybody was lovely but not afraid to offer challenging debate on the topic.

Bloomberg: Irish seek to delay ‘evil day’ of reckoning

“While banks may be able to contain bad-loan losses on their mortgage books, “a big and ongoing problem is that a large part of their mortgage books are based on ECB tracker rates, which banks are funding at a loss,” said Karl Deeter, operations manager with Dublin-based Irish Mortgage Brokers.”

Sunday Independent: Personal debt crisis will be country’s next body blow

We were delighted to get mentioned in the Sunday Independent, a paper that has over 1,000,000 readers. The piece was by Daniel McConnell and was titled ‘Personal debt crisis will be country’s next body blow’.