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Loan Modification

: Mortgage Lender Implode-o-Meter

Irish Banks Seek to Delay `Evil Day' as Loan Losses Rise

By Implode-Explode Heavy Industries

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"Irish mortgages account for more than a third of about 270 billion euros of loans that remain with the nation?s so-called viable lenders -- Allied Irish Banks Plc (ALBK), Bank of Ireland Plc, Irish Life & Permanent Plc and EBS Building Society. The country?s new coalition parties are not convinced ?that there has been proper transparency or full disclosure by the banks? on home-loan impairments, Alan Shatter told RTE Radio on March 7, two days before his appointment as Minister for Justice."

Full post as published by Mortgage Lender Implode-o-Meter on March 11, 2011 (boomark / email).

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