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The Central Bank of Ireland has pushed to consider mortgage debt relief

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Ireland’s mortgage rules should allow distressed borrowers to write off their debt more easily and force banks to make losses, according to a central bank conference on mortgage restrictions.

Tif Mian, an economics professor at Princeton University, said Ireland’s “tough, creditor-friendly laws” meant households were bearing too much of the strict mortgage regulations and that it would be better for the economy if people could get out of theirs more easily debt out.

https://www.independent.ie/business/irish/central-bank-of-ireland-urged-to-consider-debt-forgiveness-for-mortgages-41590960.html The Central Bank of Ireland has pushed to consider mortgage debt relief

Fry Electronics Team

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