THE stubborn mortgage arrears problem shows no signs of going away. Just over 28,000 residential mortgage accounts were in arrears for more than two years at the end of June. And the data indicates that the pace of the reduction in long-term arrears is slowing down. Persistently high long-term arrears remain despite sharp falls in unemployment and the strengthening economy. The numbers in long-term arrears - those who have missed more than two years of payments - now represent 42pc of all residential mortgage accounts in arrears.

Source: Irish Independent September 08, 2018 01:30 UTC