Sold down the river: PTSB gears up to sell off over 10,000 mortage loans to vulture funds – TheLiberal.ie – Our News, Your Views

Sold down the river: PTSB gears up to sell off over 10,000 mortage loans to vulture funds





Permanent TSB has announced that it’s selling up to 10,000 mortgage loans to Start Mortgages, an entity associated with the well known vulture fund Lone Star.

About 7,400 of the so-called ‘non-performing loans’ are understood to be residential mortgages.

The move will make PTSB about €1.3bn.

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