Brendan Burgess
Founder
- Messages
- 52,046
You can watch live here.
Angel Mas from Genworth
Taoiseach opened our offices in Limerick - 400 employees serving the international market
We have covered 70,000 mortgages in Ireland since 2000
There must be proper supervision of high LTV mortgages
Benefits
REduces risk to lender
Lender puts up less capital, so the
The loan application is subject to a second
Lenders and insurers work together to keep people in trouble in their homes. Insurer making payments to facilitat restructure
We have facilitate restructure of 15,000 borrowers
We have paid €70m euro and expect to pay a further €40m euro in the future.
Benefits to consumer
It reduces the cost of credit to consumers
It helps keep them in their homes
Lenders dispensed with MII
If we had MII, the lenders would have saved €1.7 billion in losses
FTBs don't cause house price inflation . It's the higher value properties which drag up prices
FTBs should not be subject to restrictions
Angel Mas from Genworth
Taoiseach opened our offices in Limerick - 400 employees serving the international market
We have covered 70,000 mortgages in Ireland since 2000
There must be proper supervision of high LTV mortgages
Benefits
REduces risk to lender
Lender puts up less capital, so the
The loan application is subject to a second
Lenders and insurers work together to keep people in trouble in their homes. Insurer making payments to facilitat restructure
We have facilitate restructure of 15,000 borrowers
We have paid €70m euro and expect to pay a further €40m euro in the future.
Benefits to consumer
It reduces the cost of credit to consumers
It helps keep them in their homes
Lenders dispensed with MII
If we had MII, the lenders would have saved €1.7 billion in losses
FTBs don't cause house price inflation . It's the higher value properties which drag up prices
FTBs should not be subject to restrictions