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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Wed Sep 27, 2017 3:56 pm 
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What this tells me is that AIB is a very sick rudderless organisation. I know they've packaged off older staff and replaced them with younger cheaper ones. But that no one in the top 50 managers had the sense to say
'listen I know this Hall guy is very loud and certain of himself but why are we giving the time of day to this casino creep ? Isn't this our job to collect debts ?'

AIB reminds me of a cat burying it's poo. They have all these ads that they're "backing brave". They love thinking about future brave. Past failures are just beyond their powers of problem solving.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Wed Sep 27, 2017 4:29 pm 
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GameBlame wrote:
What this tells me is that AIB is a very sick rudderless organisation. I know they've packaged off older staff and replaced them with younger cheaper ones. But that no one in the top 50 managers had the sense to say
'listen I know this Hall guy is very loud and certain of himself but why are we giving the time of day to this casino creep ? Isn't this our job to collect debts ?'

AIB is FG's plaything right now. No matter what Mgmt think, they're following orders here.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Thu Sep 28, 2017 6:23 am 
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As It's set up I think the mortgage to rent scheme is pretty sensible.

The issue is that previous iterations had very low take up, in part because so few ppl in arrears met the criteria.

That is still likely to be the case. Especially with a quarter of a million jobs created in the last 5 years, interest rates falling and house prices up 50%.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Thu Sep 28, 2017 4:33 pm 
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I had a listen to Hall on Sean Orourke.

He reckons that a max of 7.5k mortgages across all lenders would be eligible.

That, dear readers, is not even a quarter of PPRs in arrears of two years or more.

So what exactly is going on in the remainder?


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Thu Sep 28, 2017 4:54 pm 
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Skippy 3 wrote:
I had a listen to Hall on Sean Orourke.

He reckons that a max of 7.5k mortgages across all lenders would be eligible.

That, dear readers, is not even a quarter of PPRs in arrears of two years or more.

So what exactly is going on in the remainder?

They're being sold off to Vulture funds as per today's post in the Strategic Defulaters thread based on this IT story?
https://www.irishtimes.com/business/fin ... -1.3236069


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Thu Nov 09, 2017 4:29 pm 
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‘Home Loan Hero’ David Hall Declares His Intent For The Presidency…
https://www.hotpress.com/features/repor ... 41295.html

He won't run next year if Higgins goes again. But if Higgins declares himself out, then Hall will have to give a lot of thought to running.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Thu Nov 09, 2017 4:45 pm 
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Posts: 549
Just on Ray Darcy explaining why he would make a great President. :sick:


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Thu Nov 09, 2017 4:57 pm 
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Posts: 154
The free state will be 100 under the next presidency. And this is a serious option here for our first citizen to represent us. That is the mark of a failed entity as CJ Haughey would say.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Thu Nov 09, 2017 6:01 pm 
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Don't see it myself. Nobody votes for a president to get things done. At most people want virtue-signalling from a president.

Micky D has pushed the role right to the limit but he's allowed to get away with it because he's so physically ridiculous.

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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Thu Nov 09, 2017 7:18 pm 
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Joined: Aug 30, 2015
Posts: 460
Epicurus wrote:
The free state will be 100 under the next presidency. And this is a serious option here for our first citizen to represent us. That is the mark of a failed entity as CJ Haughey would say.


Anybody can declare a candidacy, that doesn't make the country a "failed entity".

Does Donald Trump as President make the US a "failed entity"?


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Fri Nov 10, 2017 1:02 am 
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Posts: 1038
Hall in the Aras? Puke.

Maybe Casino Hall, as president, would revive Bertie’s plan for a gambling resort in the Phoenix Park


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Mon Nov 27, 2017 11:25 am 
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Hall now wants the Banks to speed up repossessions because of deadbeat Dads!

https://www.independent.ie/business/per ... 55197.html
Quote:
An organisation that helps people in mortgage arrears is to seek rapid home repossessions in the courts to help keep single parents and children in their homes.
The Irish Mortgage Holders Organisation has spent the past decade trying to slow down and discourage courts granting repossession orders to banks and vulture funds.
Now it is to seek to fast-track repossessions in cases where women and children have been abandoned by 'deadbeat dads' who refuse to sign off on debt deals with the banks for their abandoned partners and children....
...David Hall of the Irish Mortgage Holders Organisation said hundreds of mothers were stranded in mortgage arrears after husbands left them, stopped paying the mortgage, and then refused to engage with the lender.
He said the only solution for these distressed borrowers was to encourage the courts and the banks to fast-track the repossession of the property and then put in place a mortgage-to-rent deal.

Courts do not need the consent of either party to a joint mortgage if they decide to grant a repossession order.
Mr Hall will use his iCare Housing organisation, a not-for-profit body, to buy the homes.

"We are doing this because the reality is we see no other way to do it," he said.

I smell a scam


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Mon Nov 27, 2017 12:25 pm 
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Joined: Jan 31, 2008
Posts: 1316
FreeFallin wrote:
Hall now wants the Banks to speed up repossessions because of deadbeat Dads!

https://www.independent.ie/business/per ... 55197.html
Quote:
An organisation that helps people in mortgage arrears is to seek rapid home repossessions in the courts to help keep single parents and children in their homes.
The Irish Mortgage Holders Organisation has spent the past decade trying to slow down and discourage courts granting repossession orders to banks and vulture funds.
Now it is to seek to fast-track repossessions in cases where women and children have been abandoned by 'deadbeat dads' who refuse to sign off on debt deals with the banks for their abandoned partners and children....
...David Hall of the Irish Mortgage Holders Organisation said hundreds of mothers were stranded in mortgage arrears after husbands left them, stopped paying the mortgage, and then refused to engage with the lender.
He said the only solution for these distressed borrowers was to encourage the courts and the banks to fast-track the repossession of the property and then put in place a mortgage-to-rent deal.

Courts do not need the consent of either party to a joint mortgage if they decide to grant a repossession order.
Mr Hall will use his iCare Housing organisation, a not-for-profit body, to buy the homes.

"We are doing this because the reality is we see no other way to do it," he said.

I smell a scam

But if anyone is in arrears, its because they can't afford to pay. 100% of the time.


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 Post subject: Re: Irish Moral Hazard Organisation (IMHO)
PostPosted: Mon Nov 27, 2017 5:46 pm 
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Posts: 22760
FreeFallin wrote:
Hall now wants the Banks to speed up repossessions because of deadbeat Dads!

https://www.independent.ie/business/per ... 55197.html
Quote:
The Irish Mortgage Holders Organisation has spent the past decade trying to slow down and discourage courts granting repossession orders to banks and vulture funds.


Really? 10 years? Really?

This thread dates back to the year 2015. :|

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