Project Oak News Today

From the blog of Dan Dobry at The Times of Israel

Project Bay portfolio likely to include loans in arrears and restructured mortgages

Project Bay portfolio likely to include loans in arrears and restructured mortgages

Bank offloading €400m in problem loans to a consortium

Goldman Sachs to sell Irish non-performing loans attached to 1,000 properties Banking giant taking advantage of window in market ahead of other loan sales about an hour ago Goldman Sachs headquarters in New York. Photograph: Johannes Eisele/AFP Your Web Browser may be out of date. If you are using Internet Explorer 9, 10 or 11 our Audio player will not work properly.   Wall Street banking giant Goldman Sachs is currently seeking to sell a portfolio non-performing Irish mortgages attached to ...

AIB sells soured mortgages as it circles Ulster Bank loans Average balance in portfolio being sold is €300,000 and in arrears to tune of €95,000 Fri, Feb 19, 2021, 09:30 Updated: Fri, Feb 19, 2021, 09:31   AIB said on Friday that it has agreed to sell a portfolio of mainly deep-in-arrears mortgages, on the same day that it emerged that it is in talks to acquire as much as €4 billion of commercial loans from Ulster Bank, which is retreating from the Republic. The State’s large...

AIB declined to comment. However, bank sources said ongoing communication with borrowers in arrears is normal and that the level of engagement with some types of borrowers including with those potentially exposed to the impact of the Covid pandemic has increased as a precaution. A source familiar with the banks position insisted there was no plan to bundle agricultural and SME loans up for sale, and noted that all lenders have increased their efforts to spot problems among borrowers early in or...