Central Bank Q2 mortgage arrears report is out:
Report is here . The good news:
PDH mortgage accounts in arrears decreased by 6,645 accounts in Q2 2020, driven by a decrease of 6,627 accounts in early arrears (i.e. less than 90 days).
The not-so-good caveat:
This decrease can be largely attributed to an unwinding of the increase in the previous quarter, in part owing to
the introduction of Covid-19 payment breaks towards the end of the previous quarter.
It sounds like the good news is probably just deferred bad news, till whenever the payment breaks end.