Mexico: Financial Sector Assessment Program Update-Technical Note-Housing Finance
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.
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
Pages:
32
Volume:
2007
DOI:
Issue:
162
Series:
Country Report No. 2007/162
Stock No:
1MEXEA2007001
ISBN:
9781451825701
ISSN:
1934-7685
