Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/193578
Authors: 
McCann, Fergal
Year of Publication: 
2018
Series/Report no.: 
ESRB Working Paper Series 71
Abstract: 
The Irish banking system has in recent years experienced a large build-up in Non-Performing Loans (NPLs) during the crisis followed by a sharp reduction in the 2013-2017 period. In this article I present a recent history of the ongoing resolution of the mortgage arrears crisis in Ireland. Using a large and close to exhaustive panel data set of Irish mortgages from 2008 to 2016, I present a number of new findings on loan transitions between delinquency states, the importance of legacy effects of the crisis in explaining recent entry to arrears, the role of mortgage modification in the reduction in arrears balances, the extent of borrower-lender engagement and the financial vulnerability that remains in pockets of the Irish mortgage market.
Subjects: 
Mortgages
Non-Performing Loans, Mortgage Modification
Borrower Engagement
Loan Transitions
JEL: 
G01
G21
Persistent Identifier of the first edition: 
ISBN: 
978-92-9472-023-8
Document Type: 
Working Paper
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