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The Joe Finnegan Show

Should we fear vulture funds?

Feb 21, 2018 13:47
By Denise Canavan
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Should we fear vulture funds?

 

Permanent TSB has revealed the majority of the mortgages it's selling belong to private homeowners.

A statement issued by the bank claims that 14-thousand out of the 18-thousand properties are owner-occupier - that's about 70 percent.

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The bank says the loans are typically owned by customers who haven't engaged with them.

Lecturer in financial accounting at Athlone Institute of Technology Brendan Doyle offered  his view on vulture funds on the show today (broadcast 21/02)

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