27 Pages Posted: 1 Jul 2008
Date Written: April 2008
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: 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
By S. Passmore