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28,000 in mortgage arrears
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  More than 28,000 homeowners are three months behind with mortgage repayments, official figures have revealed.

The Central Bank said lenders issued formal warnings to 5,096 households as they sought to recover debts of about 70 million euro.

The second quarterly report revealed 152 homes were repossessed in the final three months of the year which included 17 homes being surrendered to lenders voluntarily and 11 others abandoned.

According to the review, there were almost 793,000 household mortgage accounts worth 118.3 billion euro in Ireland.
 
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