"The implication is that
there are 9,680 mortgages (associated with over
eight thousand unique properties) that are in the
deepest state of arrears and have had no engagement
with these ve lenders. Coupled with the
1,676 non-engaged mortgages in the 361-720 DPD
group and the 2,250 mortgages in the 91-360 DPD
group, these represent the most dicult cases for
policy makers and lenders faced with resolving the
NPL crisis in the Primary Dwelling House segment
of the mortgage market."
So...
Total
accounts in arrears over 90 days and not engaging: 13,606 (9680 + 1676 +2250)
= unique properties of around 11,000 (The average property has 1.2 accounts associated with it.)
Only 20% of people less than 1 year in arrears not engaging
39% of those over two years are not engaging.
Note:
The first thing to note is that, of
664,981 Primary Dwelling mortgages outstanding
and in the data at end-December 2016, 151,263
or 22.7 per cent are measured as having engaged
with their lender. 109,512 of these engaged mortgages
are currently at Zero DPD, i.e. they have
no arrears. It is not surprising that such a large
share of engaged borrowers are currently at Zero
DPD, given that all permanently modied mortgages
automatically switch to Zero DPD when an
arrears capitalization forms part of the modication.