Generic overview of the market 2009: by sector I was asked by a colleague in the UK to provide an overview of the Irish mortgage market, he has often advised the Bank of England in t... Continue reading
Approval in Principle, the flaws. Our firm are witnessing a conundrum in the market which is causing both clients and the broker a huge amount of heartache. It is that ... Continue reading
Survival of the weakest, only in Ireland. If the State can't organise a bailout effectively then what hope have they of running a bank? A simple and yet profound question: if th... Continue reading
Bank of England cut rate from 2% to 1.5% the lowest since 1694 Only a two days ago I wrote about the Bank of England considering a move to the lowest interest rate in the history of their central ba... Continue reading
The ‘Crunch’ is nearly over, but what lies in its wake? The Euribor 3 month money is at 2.822% which means the margin on interbank money is now at 0.322% (the current base rate is 2.5%) over ... Continue reading
New trends in underwriting and credit It is 2009 and one of the things we need to look at (at least from the mortgage market perspective) is the availability of credit. Many... Continue reading
What stimulus is there after a 0% rate? There are generally two strands to monetary stimulus, firstly there are interest rates, and then there is the actual money supply. We'l... Continue reading
The bailout has arrived, Irish banks in line for Government funds. The banking bailout has come along, as many of us always thought it would, in the form of a (potential) €10 billion Euro package. An an... Continue reading
How falling interest rates hurt banks during a liquidity crisis The falling interest rates are heralded by consumers of Irish mortgage companies as a godsend - well, for the clients of the Irish bank... Continue reading
Will Specialist or Sub-Prime lenders be better off? With the news coming out daily about prime lenders facing higher and higher impairment charges it begs the question of who will do bett... Continue reading