Mortgage restructures data Dataset for 6 main lenders covered by the Central Bank of Ireland Mortgage Arrears Resolution Targets

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1 Mortgage restructures data Dataset for 6 main lenders covered by the Central Bank of Ireland Mortgage Arrears Resolution Targets February 2014 data set 10 April

2 Table of Contents Residential Mortgage Arrears Principal Dwelling Houses... 3 Residential Mortgage Arrears Buy-to-let Dwellings

3 Mortgage restructures data for principal dwelling houses Dataset for 6 main lenders covered by the Central Bank of Ireland Mortgage Arrears Resolution Targets February 2014 data set April

4 RESIDENTIAL MORTGAGE ARREARS AND RESTRUCTURES MONTHLY DATA February 2014 The information below represents mortgage restructures and arrears to the end of February 2014 for principal dwelling houses (PDH) for the 6 main banks which are part of the Central Bank s Mortgage Arrears Resolution Targets. These lenders represent 90% of the market. The data has not gone through the lenders quality control process and is unaudited. Key highlights Engagement between consumers and lenders has led to 59,668 permanent mortgage restructures, an increase of 8,480 accounts on and 5,699 accounts since the end of January The number of mortgage accounts in arrears of greater than 90 days has fallen from 79,427 to 78,210, a drop of 1,217 accounts when compared to the end of January. Total mortgage accounts in arrears (all arrears 1 day past due) have fallen since by 3,173 accounts and by 3,883 accounts when compared with the end of January. Total temporary restructures continue to fall, indicating a move towards a greater utilisation of total restructures. The number of split mortgages continues to increase. At the end of February there were 8,723 split mortgages, an increase of 2,484 when compared to end and 1,592 when compared to end January Total Mortgage Accounts 16% 4.8% 11.2% Mortgages In Arrears c <90 days 33,538 c >90 days 78,210 Total Mortgage Accounts 695,550 c Mortgages not In Arrears 583,802 c Mortgages in Arrears 111,748 84% Mortgages in Arrears >90 days: Proportion of restructures 14,693 (19%) 6,033 (8%) 57,484 (73%) Total Mortgage s: Total Mortgage s: 15% 14% 25% 4% 12% 8% 48% 14% 28% 31% Term extension 14,802 Interest only 9,269 Interest only (for a period) 2,384 Fixed repayments> interest only 6,083 Arrears capitalisation Fixed repayments> interest only/ Interest modification Hybrid mortgage/other Split mortgage 16,595 8,427 8,737 8,723 4 Fixed repayments < interest only Payment moratorium Deferred interest scheme Hybrid mortgage /Other 2,413 1,

RESIDENTIAL MORTGAGE ARREARS AND RESTRUCTURES COMPARATIVE DATA from end February 2014 Mortgages in Arrears >90 days: Proportion of restructures End Q3 2013 11,516 (14%) 6,997 (9%) 62,643 (77%) Not d

16,595 14,568 14,914 14,747 14,802 14,515 13,975 12,327 7,892 8,427 8,358 8,179 8,118 7,163 8,737 8,723 7,131 6,239 1,591 1,279 1,351 2,384 4,299 3,688 Term extension Interest only (for a period)

5 RESIDENTIAL MORTGAGE ARREARS AND RESTRUCTURES COMPARATIVE DATA from end February 2014 Mortgages in Arrears >90 days: Proportion of restructures End Q ,516 (14%) 6,997 (9%) 62,643 (77%) Not d End Q ,985 (18%) 6,571 (8%) 59,226 (74%) End Jan ,487 (18%) 6,491 (8% ) 58,449 (74%) End Feb ,693 (19%) 6,033 (8% ) 57,484 (73%) Total Mortgage s: End End End Jan-14 End Feb-14 16,595 14,568 14,914 14,747 14,802 14,515 13,975 12,327 7,892 8,427 8,358 8,179 8,118 7,163 8,737 8,723 7,131 6,239 1,591 1,279 1,351 2,384 4,299 3,688 Term extension Interest only (for a period) Fixed repayments >interest only/ Arrears Capitalisation Hybrid mortgage/other Split mortgage Total Mortgage s: 14,999 End End End Jan-14 End Feb-14 10,353 9,829 9,269 8,112 6,692 6,431 6,083 2,497 1,652 1,498 1,449 2,617 2,502 2,618 2, Payment moratorium Interest only Fixed repayments >interest only Interest modifications 5 Fixed repayments <interest only Hybrid mortgage /Other Deferred interest scheme

6 Background The Department of Finance has requested the 6 main banks operating in Ireland AIB, Bank of Ireland, PTSB, ACC, KBC Ireland & Ulster Bank to provide data on the restructure situation in relation to all PDH mortgages, both in arrears and not in arrears, in their bank on a monthly basis. This information differs from the Central Bank data as it relates to data from the 6 main banks only, who are part of the Central Bank s Mortgage Arrears Resolution Targets (MART). These lenders represent 90% of the market. The data has not gone through the lenders quality control process and is unaudited. However, given the importance of this issue and the demand for high quality and timely data on mortgage arrears, the Department of Finance has decided to publish this data each month. Data set PRINCIPAL DWELLING HOUSES The information below represents mortgage restructures and arrears as at the end of February 2014 for principal dwelling houses (PDH). Summary of Mortgages Total mortgage accounts 698, , , ,550 Total mortgage accounts not in arrears 580, , , ,802 Total mortgage accounts in arrears (all arrears from 1 day past due) Total mortgage accounts in arrears greater than 90 days 118, , , ,748 81,156 79,782 79,427 78,210 Total mortgage accounts in arrears of 90 days or less 37,282 35,139 36,204 33,538 Mortgages in arrears greater than 90 days past due: s Total s greater than 90 days in arrears 18,513 20,556 20,978 20,726 Total s greater than 90 days in arrears Total s greater than 90 days in arrears 11,516 13,985 14,487 14,693 6,997 6,571 6,491 6,033 In arrears greater than 90 days not in restructure 62,643 59,226 58,449 57,484 6

7 Total Mortgage s: Term Extension 14,914 14,568 14,747 14,802 Interest Only (for a period) 1,591 1,351 1,279 2,384 Arrears Capitalisation 12,327 13,975 14,515 16,595 Fixed Repayments greater than Interest only / Interest modifications 8,358 7,892 8,179 8,427 Split Mortgage 3,688 6,239 7,131 8,723 Hybrid (Combination of treatments) / Other 4,299 7,163 8,118 8,737 Total 45,177 51,188 53,969 59,668 Total Mortgage s: Interest Only 14,999 10,353 9,829 9,269 Fixed Repayments greater than Interest only 8,112 6,692 6,431 6,083 Fixed Repayments less than Interest only 2,617 2,502 2,618 2,413 Payment Moratorium 2,497 1,652 1,498 1,449 Deferred Interest Scheme Hybrid / Other Total 28,365 21,338 20,506 19,345 Note that restructured accounts can be still classified as being in the arrears category for a period, or can have moved out of arrears, or can continue to perform, having never been in arrears. 7

8 Mortgage restructures data for buy-to-let dwellings Dataset for 6 main lenders covered by the Central Bank of Ireland Mortgage Arrears Resolution Targets February 2014 data set April

RESIDENTIAL MORTGAGE ARREARS AND RESTRUCTURES MONTHLY DATA February 2014 The information below represents mortgage restructures and arrears to the end of February 2014 for buy-to-let dwellings for

The data has not gone through the lenders quality control process and is unaudited.

9 RESIDENTIAL MORTGAGE ARREARS AND RESTRUCTURES MONTHLY DATA February 2014 The information below represents mortgage restructures and arrears to the end of February 2014 for buy-to-let dwellings for the 6 main banks which are part of the Central Bank s Mortgage Arrears Resolution Targets. These lenders represent 90% of the market. The data has not gone through the lenders quality control process and is unaudited. Key highlights The number of all BTL mortgage accounts in arrears at the end of February is 33,902 accounts, compared to 33,831 at the end of and 34,139 at the end of January. The number in arrears of greater than 90 days increased by 176 accounts since the end of January. Engagement between consumers and lenders has led to 12,484 permanent restructures, an increase of 2,336 accounts on the end of and 1,952 on the end of January. In this series permanent restructures for those accounts in arrears of greater than 90 days increased by 503 accounts when compared to the end of January. The 6 main lenders have reported that they have 4,148 rent receivers in place, an increase of 969 on the end of. Total Mortgage Accounts 126,801 c Mortgages not In Arrears 92,899 c Mortgages in Arrears 33,902 Total Mortgage Accounts 26.7% 5.5% 21.2% Mortgages in Arrears c <90 days 7,016 c >90 days 26, % Mortgages in Arrears >90 days: Proportion of restructures 4,046 (15%) 1,981 (7%) 20,859 (78%) Total Mortgage s: Total Mortgage s: 4% 2% 23% 20% 4% 8% 30% 12% 33% 64% Term Extension 2,475 Interest Only 5,781 Interest Only (for a period) Arrears Capitalisation 1,026 4,082 Fixed Repayments greater than Interest only Fixed Repayments less than Interest only 2, Fixed Repayments > Interest only/ Interest modification Split Mortgage Hybrid (Combination of treatments)/other 1, ,894 9 Payment Moratorium Deferred Interest Scheme 202 2

10 RESIDENTIAL MORTGAGE ARREARS AND RESTRUCTURES COMPARATIVE DATA from end February 2014 Mortgages in Arrears >90 days: Proportion of restructures End Q ,846 (11%) 2,443 (9%) 21,071 (80%) Not d End Q ,359 (13%) 2,292 (9%) 20,843(78%) Not d End Jan ,543 (13%) 2,243 (9%) 20,924 (78%) End-Feb ,046 (15%) 1,981 (7%) 20,859 (78%) Total Mortgage s: End End End Jan-14 End Feb-14 3,833 3,864 4,082 2,372 2,351 2,408 2, ,026 1, ,557 3, ,914 2,758 2,553 2,894 Term extension Interest only (for a period) Total Mortgage s: 8,313 Fixed repayments >interest only/ Interest modifications Arrears Capitalisation Split Mortgage Hybrid mortgage/other End End End Jan-14 End Feb-14 5,902 5,770 5,781 2,821 2,767 2,820 2, ,101 1, Payment moratorium Interest only Fixed repayments > interest only Fixed repayments < interest only Deferred interest scheme 10

11 Data set BUY-TO-LET The information below represents mortgage restructures and arrears as at the end of February 2014 for buy-to-let dwellings (BTL) Summary of Mortgages Total mortgage accounts 128, , , ,801 Total mortgage accounts not in arrears 94,063 93,359 92,739 92,899 Total mortgage accounts in arrears (all arrears from 1 day past due) Total mortgage accounts in arrears greater than 90 days Total mortgage accounts in arrears of 90 days or less 34,192 33,831 34,139 33,902 26,360 26,494 26,710 26,886 7,832 7,337 7,429 7,016 Mortgages in arrears greater than 90 days past due: s Total s greater than 90 days in arrears 5,289 5,651 5,786 6,027 Total s greater than 90 days in arrears Total s greater than 90 days in arrears 2,846 3,359 3,543 4,046 2,443 2,292 2,243 1,981 In arrears greater than 90 days not in restructure 21,071 20,843 20,924 20,859 Total Mortgage s: Total End Q Term Extension 2,372 2,351 2,408 2,475 Interest Only (for a period) ,026 Arrears Capitalisation 3,277 3,833 3,864 4,082 11

12 Fixed Repayments greater than Interest only / Interest modifications 1, ,557 Split Mortgage Hybrid (Combination of treatments) / Other 1,914 2,553 2,758 2,894 Total 9,806 10,148 10,532 12,484 Total Mortgage s: Interest Only 8,313 5,902 5,770 5,781 Fixed Repayments greater than Interest only 2,821 2,767 2,820 2,770 Fixed Repayments less than Interest Only 296 1,101 1, Payment Moratorium Deferred Interest Scheme Total 11,681 9,974 9,914 9,117 Total Rent Receivers / Fixed Charged Receivers 2,397 3,179 3,721 4,148 12

13 Future dates for publication of statistics Please see below the future dates for publication of these monthly statistics. Monthly data Date of publication March Thursday 15 May 2014 April Thursday 12 June 2014 May Thursday 10 July 2014 June Thursday 14 August 2014 Disclaimer This presentation is for informational purposes only. No person should place reliance on the accuracy of the data and should not act solely on the basis of the presentation itself. The Department of Finance does not guarantee the accuracy or completeness of information which is contained in this document and which is stated to have been obtained from or is based upon trade and statistical services or other third party sources. Any data on past performance contained herein is no indication as to future performance. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any modelling, scenario analysis or back-testing. All opinions and estimates are given as of the date hereof and are subject to change. The information in this document is not intended to predict actual results and no assurances are given with respect thereto. 13

Information release 13 December Residential Mortgage Arrears and Repossessions Statistics: Q3 2012

Information release 13 December 2012 Residential Mortgage and Repossessions Statistics: Q3 2012 Summary The Central Bank today (13 December 2012) publishes an expanded statistical release on mortgage arrears,