One of my friends started a website called "The Mortgage Lender Implode-O-Meter" to track all of the mortgage lenders going bust... in 2006. It is worth remembering that cheap credit with adjustable rates is what fueled that bubble and what made it unsustainable. A lot of the world (including Ireland) floats rates after the first 5 years of a mortgage.

Whereas in the US, anyone with a pre-2022 30-year fixed-rate mortgage now has a massive paper profit due to interest rates going up that can only be realized by slowly making their required payments. That gets vaporized instantly if they sell and pay off the mortgage.