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Mr. Gagnon concedes that Mitsubishi's repossession rate is higher than the industry average.
Meanwhile, separate figures from banks and building societies show that the repossession rate among mortgage customers has fallen to its lowest level.
The number of households evicted from rental accommodation in England and Wales rose by 5% in the first three months of the year, while the repossession rate for homeowners fell to a record low.
The company said that given its "conservative, tailored approach to lending" and "low repossession rate," it would "make little difference to our customers if we changed our repossession policy from three months to six months".
The site's been valued at €4.2 million ($4.5 million) and the bank/property developer/state hybrid, which apparently learned nothing from the boom to bust days of the Celtic Tiger, is ploughing through family homes at an expected repossession rate of 50,000 this year.
The site's been valued at €4.2 million (£3 million) and the bank/property developer/state hybrid, which apparently learned nothing from the boom to bust days of the Celtic Tiger, is ploughing through family homes at an expected repossession rate of 50,000 this year.
Similar(54)
Repossession rates and corporate failures climb again.
Ms Carmena made homelessness a key issue in her campaign, vowing to halt the eviction of families defaulting on their mortgages as soaring repossession rates continued in Spain.
Many lenders appear to be offering help to struggling older customers in an attempt to prevent people losing their homes: current repossession rates are lower for older borrowers than for younger ones, but arrears rates are 1.2 times higher, said the Moody's report.
During a recession, these could make repossession rates more sensitive to labor market contraction.
Peter Alan's repossession rates are down to their lowest levels since 2008 and the number of its High Street branches has also climbed back up to its pre-recession levels for the first time.
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