Latest Central Bank quarterly arrears figures are out.
There is also a report on the CB website about the stubborn persistence of long term mortgage arrears. It concludes that “while the number of mortgages in long-term arrears continues to fall, the pace of reduction each quarter has begun to slow; For the first time, as many loans are exiting the portfolio of the main banks as are “curing” to lower arrears states”. But we still have a much higher rate of arrears than is tolerated in any other country, and a high percentage of the long term arrears have never engaged with their banks. See the O’Malley report here – centralbank.ie/publication/ … lity-notes.
It’s a little out of date as it uses the Q1 figures. The latest quarterly figures show the pace of exit from long term arrears went up again, I would guess due to ongoing sales of delinquent mortgages to vulture funds. The remaining number is still very significant. Even just considering those in more than two years of arrears, in round figures it’s about 40k accounts with €4 bn of arrears on €10 bn worth of mortgages. That’s including PDH and BTL whereas the aforementioned report only considers PDH.