Could Collective Bargaining and Cooperative Societies be the solution to the mortgage crisis?
In the most recent, and high-profile, mortgage sale, Permanent TSB this week announced its intention to sell 14,000 non-performing mortgage loans. Some commentators have suggested that, instead of selling these loans, that individual borrowers be allowed to ‘make a deal’ with the lender to buy the loan at the intended sale price. However, this solution is too simplistic.