A drop in the number of people in mortgage arrears is being seen as an indication that solutions to the mortgage crisis are working.
According to the Central Bank, the number of loans in arrears for more than 90 days fell 3.5 per cent in the first quarter this year, and those under 90 days are down 2.4 per cent.
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But the number of mortgages more than two years in arrears has risen by 5 percent.
