Mexico
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2007-05-15
Total Pages: 32
ISBN-13: 1451825706
DOWNLOAD EBOOKThis 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.