Housing Finance and Mortgage-Backed Securities in Mexico
Housing Finance and Mortgage-Backed Securities in Mexico

Author: Marco Espinosa-Vega

Publisher: INTERNATIONAL MONETARY FUND

Published: 2008-04-01

Total Pages: 25

ISBN-13: 9781451869668

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This paper reviews the Mexican experience with the securitization of residential mortgages. It highlights the key legislative and institutional reforms leading to the development of primary and secondary mortgage markets and reports the main features and valuation practices of the RMBS markets. The paper identifies areas warranting close attention to improve the outlook for the Mexican RMBS market and draws some lessons from the recent U.S. subprime mortgage market problems.

Mexico
Mexico

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2007-05-15

Total Pages: 32

ISBN-13: 1451825706

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This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Sociedad Hipotecaria Federal has successfully led a range of direct policy measures that have stimulated the development of the housing finance market. The government improved the legal environment for mortgage finance by passing reforms that reduced the average time to foreclosure from five years to two, by facilitating the reform of several state property registries and by facilitating mortgage securitization.

Housing Finance and Mortgage-Backed Securities in Mexico
Housing Finance and Mortgage-Backed Securities in Mexico

Author: Marco A. Espinosa-Vega

Publisher:

Published: 2015

Total Pages: 27

ISBN-13:

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This paper reviews the Mexican experience with the securitization of residential mortgages. It highlights the key legislative and institutional reforms leading to the development of primary and secondary mortgage markets and reports the main features and valuation practices of the RMBS markets. The paper identifies areas warranting close attention to improve the outlook for the Mexican RMBS market and draws some lessons from the recent U.S. subprime mortgage market problems.