Central Bank says 11% of Irish mortgages are in arrears for 90 days or above/ have been restructured
May 19th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank today published the latest data on mortgage arrears and repossessions for the period ended March 2011. The figures show that 49,609 or 6.3% of private residential mortgage accounts are in arrears for more than 90 days. There were 86,271 accounts which are either in arrears greater than 90 days or have been restructured - - 11% of all mortgages.