1.

Record Nr.

UNINA9910956153103321

Autore

Zanforlin Luisa

Titolo

Housing Finance and Mortgage-Backed Securities in Mexico / / Luisa Zanforlin, Marco Espinosa-Vega

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2008

ISBN

9786612840609

9781462356812

1462356818

9781452729916

1452729913

9781282840607

1282840606

9781451869668

1451869665

Edizione

[1st ed.]

Descrizione fisica

1 online resource (27 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/105

Altri autori (Persone)

Espinosa-VegaMarco

Disciplina

332.6323

Soggetti

Mortgage-backed securities - Mexico

Housing - Mexico - Finance

Banks

Credit

Depository Institutions

Economic Development: Urban, Rural, Regional, and Transportation Analysis

Finance

Financial instruments

General Financial Markets: General (includes Measurement and Data)

Housing

Industries: Financial Services

Infrastructure

Investment & securities

Investments: General

Loans

Macroeconomics

Micro Finance Institutions

Monetary economics

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Money and Monetary Policy



Mortgages

Saving and investment

Securities

Mexico

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.