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Sunday, November 22, 2009 1:48 AM

Published 11/04/2009 by Sunday Tribune Ireland


Banks facing 'middle-class mortgage time bomb'

Softly-softly approach storing up €150bn Dublin home-loan crisis for lenders, agencies warn

Eamon Quinn

A 'middle-class mortgage time bomb' is ticking that will force the banks to write off billions of euro from their home-loan books, mortgage brokers and debt counselors surveyed in...

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Quotes

"My own experience is that now 60% of cases in Dundrum are about issues to do with mortgage debts" said Dowling
Banks facing 'middle-class mortgage time bomb' [Sunday Tribune Ireland - 11/04/2009]
"Ultimately, there will be a big problem the banks will have to face."
Banks facing 'middle-class mortgage time bomb' [Sunday Tribune Ireland - 11/04/2009]
"The big problem is what is going to happen when the softly-softly approach of the banks ends" said IMAF's senior...
Banks facing 'middle-class mortgage time bomb' [Sunday Tribune Ireland - 11/04/2009]

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