Mexico: Financial Sector Assessment Program Update-Technical Note-Housing Finance

IMF Staff Country Reports, May 15, 2007

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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.

Sociedad Hipotecaria Federal played a central role in stimulating housing finance market development through direct policy measures.
Legal reforms reduced the average time to foreclosure from five years to two.
Reforms facilitated:
- the reform of several state property registries;
- mortgage securitization.

Direct policy measures led by the Sociedad Hipotecaria Federal to stimulate housing finance.
Government legal reforms targeted mortgage finance procedures, property registry reforms, and the facilitation of mortgage securitization.

Subject: Banking, Credit, Financial institutions, Housing, Income, Loans, Money, Mortgages, National accounts
Keywords: Apoyo INFONAVIT, bank, carry MI, CR, Credit, Europe, financing sunset, Housing, Income, ISCR, lending, loan, Loans, low income, mortgage SOFOLs, Mortgages, SHF mortgage credit line, SOFOL loan balance, SOFOLs, UDI loan

Mexico: Financial Sector Assessment Program Update-Technical Note-Housing Finance, IMF Staff Country Reports, May 15, 2007.