‘FRIENDLY VULTURE FUND’ PLAN TO BE BROUGHT TO FINANCE COMMITTEE

A plan to save homes at risk of repossession will be brought to the Government’s Finance Committee tomorrow.

The national housing co-operative strategy has been described as a ‘friendly vulture fund’.

Its aim is to buy up distressed mortgages from banks so people won’t be forced to leave their homes.

Master of the High Court, Edmund Honohan, is behind the move.

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