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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.

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

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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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