Housing Finance and Mortgage-Backed Securities in Mexico

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...

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Bibliographic Details
Main Author: Zanforlin, Luisa
Other Authors: Espinosa-Vega, Marco
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Housing Finance and Mortgage-Backed Securities in Mexico  |c Luisa Zanforlin, Marco Espinosa-Vega 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2008 
300 |a 25 pages 
651 4 |a Mexico 
653 |a Depository Institutions 
653 |a Credit 
653 |a Banks 
653 |a Finance 
653 |a Securities 
653 |a Industries: Financial Services 
653 |a Infrastructure 
653 |a Monetary economics 
653 |a Economic Development: Urban, Rural, Regional, and Transportation Analysis 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Housing 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Mortgages 
653 |a Loans 
653 |a Saving and investment 
653 |a Financial instruments 
653 |a Investments: General 
653 |a Macroeconomics 
653 |a Investment & securities 
653 |a Money and Monetary Policy 
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520 |a 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