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We are still waiting for loan lifeline

A long-awaited report on what might be done to help householders in trouble with their mortgages came out this week. Many are as wise now about what the Government will do as they were before it was published.

What is becoming clear, however, is that there is no appetite from any institution -- financial or otherwise -- for the wholesale repossession of family homes.

The banks are not estate agents; what are they supposed to do with a load of three-bed semis?

The State is hard-pressed to provide accommodation for people already on the housing lists, and can't afford the pressure of more families being added to that.

The message coming through is that if troubled mortgage holders make genuine efforts to pay what they can afford, they will not be kicked out.

People should take heart from that.