1.

Record Nr.

UNINA9910464020503321

Autore

Zanforlin L

Titolo

Housing finance and mortgage-backed securities in Mexico / / Luisa Zanforlin and Marco Espinosa ; authorized for distribution by David S. Hoelscher and Carlos I. Medeiros

Pubbl/distr/stampa

[Washington, District of Columbia] : , : International Monetary Fund, , 2008

©2008

ISBN

1-4623-5681-8

1-4527-2991-3

1-282-84060-6

9786612840609

1-4518-6966-5

Descrizione fisica

1 online resource (27 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/105

Altri autori (Persone)

EspinosaMarco

HoelscherDavid S

MedeirosCarlos I

Disciplina

332.6323

Soggetti

Mortgage-backed securities - Mexico

Housing - Mexico - Finance

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. A Brief Review of Housing Finance in Mexico; Boxes; 1. Brief Chronology of Important Events in the Housing Finance Sector; III. Reforming Institutions: The Foundations for Private Mortgage Markets; 2. Securitzation; IV. The Mexican Way: From FOVI to HiTo; 3. SHF's Guarantees Program; A. Securitization and Rise of the Mexican RMBS Market; Figures; 1. Latin American Local Issuance of Securitized Assets 2006; 2. Mexico: Domestic Market Private Debt Issues by Structure; 4. Main Characteristics of Mexican MBS Issues; V. Past lessons and Future Challenges

3. Mexico: Historical Trends in Credit to Housing4. Mexico: Structure of Housing Finance, 2000-2005; References



Sommario/riassunto

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.