Brendan Burgess
Founder
- Messages
- 54,766
I get confused about the different vulture funds and so I am going to try to compile all the information in one place.
Irish Nationwide merged into IBRC
Sold some performing mortgages to Bank of Ireland
Mars Capital serviced by Acenden (not in arrears) or Mars (arrears cases)
Oaktree serviced by Pepper
Lone Star serviced by Pepper
Shoreline bought a group of former Irish Nationwide mortgages from IBRC.
They were the owners, but they appointed Pepper to administer those loans on their behalf.Shoreline, not Pepper, then sold on the performing ones to Bank of Ireland.
Bank of Scotland Ireland
Sold mortgages in arrears to Tanager serviced by Lapithus
Lone Star
Danske Bank
In 2016,non performing loans sold to Cerberus aka Ptomontoria - the Pluto portfolio
13,000 performing loans sold October 2017 to Goldman Sachs aka Proteus Funding DAC - serviced by Pepper
10,000 family homes; 3,000 buy to lets
source
Ulster Bank
Sold loans in heavy arrears to Cerberus
About 900 home loans
€2.15 billion face value - 19% buy to let,10% owner occupied
95% in arrears of two years or more
Springboard
Mars Capital paid about €250m for these sub-prime loans - serviced by Acenden (not in arrears) or Mars (arrears cases)
Start Mortgages
Still trading as Start Mortgages, but Investec sold the company to Lone Star
Start sold some of its performing mortgages to Bank of Ireland in 2016
ICS
Sold €223m to Dilosk
GE Capital
Sold to Pepper - in 2012 - 3,500 mortgages worth €600m
Permanent tsb sold Commercial Real Estate loans
But I have seen some Havbell loans in the courts. Must be buy to lets.
July 2018 - ptsb sold €1.7 billion of non-performing loans to Start.
Leeds BS sold to Dilosk
worth €182m
https://www.askaboutmoney.com/threa...ch-residential-mortgages.205894/#post-1589966
Irish Nationwide merged into IBRC
Sold some performing mortgages to Bank of Ireland
Mars Capital serviced by Acenden (not in arrears) or Mars (arrears cases)
Oaktree serviced by Pepper
Lone Star serviced by Pepper
Shoreline bought a group of former Irish Nationwide mortgages from IBRC.
They were the owners, but they appointed Pepper to administer those loans on their behalf.Shoreline, not Pepper, then sold on the performing ones to Bank of Ireland.
Bank of Scotland Ireland
Sold mortgages in arrears to Tanager serviced by Lapithus
Lone Star
Danske Bank
In 2016,non performing loans sold to Cerberus aka Ptomontoria - the Pluto portfolio
13,000 performing loans sold October 2017 to Goldman Sachs aka Proteus Funding DAC - serviced by Pepper
10,000 family homes; 3,000 buy to lets
source
Ulster Bank
Sold loans in heavy arrears to Cerberus
About 900 home loans
€2.15 billion face value - 19% buy to let,10% owner occupied
95% in arrears of two years or more
Springboard
Mars Capital paid about €250m for these sub-prime loans - serviced by Acenden (not in arrears) or Mars (arrears cases)
Start Mortgages
Still trading as Start Mortgages, but Investec sold the company to Lone Star
Start sold some of its performing mortgages to Bank of Ireland in 2016
ICS
Sold €223m to Dilosk
GE Capital
Sold to Pepper - in 2012 - 3,500 mortgages worth €600m
Permanent tsb sold Commercial Real Estate loans
But I have seen some Havbell loans in the courts. Must be buy to lets.
July 2018 - ptsb sold €1.7 billion of non-performing loans to Start.
Leeds BS sold to Dilosk
worth €182m
https://www.askaboutmoney.com/threa...ch-residential-mortgages.205894/#post-1589966
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