BANKS have yet to restructure repayments on thousands of home loans that are in default.
New figures show that seven out of 10 mortgages in arrears have still to be sorted out.
The six main banks put restructuring deals in place for close to 19,000 borrowers who are finding it difficult to meet their repayments in November.
But there still remains more than 45,000 residential mortgage accounts that are three months or more in arrears which have yet to be restructured, according to figures from the Department of Finance.
AIB/EBS, Bank of Ireland, Ulster Bank, KBC, Permanent TSB and ACC have 64,000 residential mortgage accounts in arrears for three months or more.
But just 29pc of these were restructured last November, the same percentage for the previous three months. This amounted to almost 19,000 residential mortgage accounts that were in arrears for more than 90 days which were restructured - either on a temporary or permanent basis.
The figures also show there has been a slight fall in the overall number of mortgages in arrears for 90 days or more at the six main banks.
In November, around 13pc of residential mortgage accounts were in arrears, with 9pc in arrears of 90 days or more.
The number of buy-to-let mortgages in arrears for more than three months fell by 409 in November to close to 26,000.
The Free Legal Advice Centres' Paul Joyce said thousands of homeowners faced the threat of repossession because the efforts of banks to sort out the arrears crisis is failing.
He accused banks of picking off the easiest cases and ignoring those in longer-term arrears.