Doherty lashes out at government parties over investment funds’ involvement in housing market
A Donegal TD says investment and vulture funds will buying up large swathes of new housing estates, causing those hoping to rent or buy a home of their own to be pushed out of the market. It comes after an investment fund bought up an estate in Kildare en masse.…
Cavan meeting on vulture funds
A Midlands/North West MEP says an EU Directive on non-performing loans would pose a serious threat to the rights of borrowers and consumers. Sinn Fein Matt Carthy says that under the proposed Directive, individual mortgages would be broken up and bundled together into packages that can be traded by investors…
Sligo, Donegal TDs hit out at vulture funds
Two north west TDs are hitting out at the way they claim vulture funds are dealing with mortgage holders who are in debt. It’s as a Fianna Fail Bill aimed at controlling the funds is going through the Dail and Seanad. Sligo/Leitrim Fianna Fail TD Eamon Scanlon says lack of…
Fears of North West farms being sold off to vulture funds
There are growing fears in the Agriculture sector that more farms loans are about to be sold off to Vulture Funds. The IFA is urging Banks to stop selling farm loans to Vulture funds, after it emerged this week that AIB and Rabobank are considering selling further farm loans to…
Doherty predicts AIB sale will lead to home repossessions, sales to vulture funds
A Donegal TD is claiming Allied Irish Bank will soon start repossessing homes that are in mortgage arrears to sell them onto vulture funds. Deputy Pearse Doherty, Sinn Fein spokesman on finance, says this will be one of the results of AIB shares being being sold off. It follows Finance…
Sinn Fein moves legislation to regulate vulture funds
Sinn Fein has moved legislation to regulate vulture funds. The billl was moved by the party’s finance spokesperson Donegal TD Pearse Doherty in the Dail yesterday. It will regulate vulture funds for the first time and the party hopes it will get support in light of the number of distressed…