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Housing Finance and Mortgage-Backed Securities in Mexico

27 Pages Posted: 1 Jul 2008  

Marco A. Espinosa-Vega

International Monetary Fund (IMF)

Luisa Zanforlin

International Monetary Fund (IMF) - European Department; World Bank

Date Written: April 2008

Abstract

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.

Keywords: Working Paper, Mexico, Housing, Loans, Securities markets

Suggested Citation

Espinosa-Vega, Marco A. and Zanforlin, Luisa, Housing Finance and Mortgage-Backed Securities in Mexico (April 2008). IMF Working Papers, Vol. , pp. 1-25, 2008. Available at SSRN: https://ssrn.com/abstract=1153727

Marco A. Espinosa-Vega (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-8589 (Phone)
202-623-4311 (Fax)

Luisa Zanforlin

International Monetary Fund (IMF) - European Department ( email )

700 19th Street NW
Washington, DC 20431
United States

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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