Homeowners are sitting on a debt time bomb with over 180,000 mortgages in arrears, shocking new figures have revealed.
Almost one in five home loans, worth €25.5 billion, were not being fully repaid at the end of March, the Central Bank confirmed.
And between January and March, bailed out banks took back the keys of more than 160 homes as the problem escalates.
Comment: Same old Land War by other means. Tenant evictions have returned to Ireland, and so has the need for boycotting (ostracising) anyone involved in this malicious practice of collecting usury on behalf of the banks.
The grim data revealed:
- Those in arrears of more than 90 days has reached over 95,000 or 12.3% - up from 11.9% in the previous three months
- Over 142,118 private households were behind with their repayments in the first quarter of this year
- On the landlord and investment side, 39,371 buy-to-let mortgages are in trouble.
"In order for those in debt to return to contributing to the economy, we need effective, swift, fair and certain resolution to the household debt crisis."
Comment: For more background information on Bono's character read:
U2, Bono? Celeb Partners with Monsanto, G8, to Biowreck African Farms with GMOs
Bono and Bill Gates-Backed Global Health Charity Exposed as a Fraud