The subprime mortgage crisis is likely to mean losses of $945bn worldwide. It comes as house prices in Ireland return to realistic levels, at least according to the governor of the Central Bank, who is ignoring an IMF claim that the market is still 30% overvalued. (Incidentally, the mortgage loss report is also from the IMF). But I wonder: given the subprime fallout, will an Irish bank ever want to give me a mortgage?

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