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Author/Editor:
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Zanforlin, L. ; Espinosa-Vega, Marco
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Publication Date:
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April 01, 2008
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Electronic Access:
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Free Full text
(PDF file size is 525KB).
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
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.
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Order a print copy
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Series:
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Working Paper No. 08/105
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Subject(s):
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Mexico | Housing | Loans | Securities markets
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