Prospects for Irish mortgage-backed securitization are looking increasingly bright, as the impact of the Euro makes mortgage-backed securitization both easier and much more necessary, according to market pros in London and Dublin.

Ireland's membership of the single European currency has meant that interest rates have come down considerably since the beginning of the year, further stimulating a booming housing market and leaving banks facing unprecedented demand for housing finance, according to Michelle Brennan, a financial institution analyst at Standard & Poor's.

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