I did wonder if it was because UB were more of a 'foreign' bank.
Will the other offshore owners follow suit?
Does this effectively give better protection to Irish bank mortgage holders and if so for how long?
Can the government do anything to force them to desist against the government policy, which is apparently to keep people in their homes, or will they wash their hands of this?
Between this and the people ignored in the subprime market by last weeks report, there may be a mini-deluge of repossesions about to occur?