Housing Finance and Mortgage-Backed Securities in Mexico
April 1, 2008
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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.
Subject: Credit, Housing, Loans, Mortgages, Securities
Keywords: bank, loan, mortgage, valuation methodology, WP
Pages:
25
Volume:
2008
DOI:
Issue:
105
Series:
Working Paper No. 2008/105
Stock No:
WPIEA2008105
ISBN:
9781451869668
ISSN:
1018-5941
