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Housing Finance and Mortgage-Backed Securities in Mexico

Author

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  • Luisa Zanforlin
  • Marco A Espinosa-Vega

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.

Suggested Citation

  • Luisa Zanforlin & Marco A Espinosa-Vega, 2008. "Housing Finance and Mortgage-Backed Securities in Mexico," IMF Working Papers 08/105, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:08/105
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=21890
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    References listed on IDEAS

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    1. Allen Frankel & Jacob Gyntelberg & Kristian Kjeldsen & Mattias Persson, 2004. "The Danish mortgage market," BIS Quarterly Review, Bank for International Settlements, March.
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    Cited by:

    1. Marco Lopez-Silva & Raul Abreu-Lastra & Alberto Saracho-Martinez & Agustin Paulin-Hutmacher, 2011. "Housing Finance in Mexico: Current State and Future Sustainability," Research Department Publications 4749, Inter-American Development Bank, Research Department.

    More about this item

    Keywords

    Loans; Mexico; Securities markets; Housing Finance; Mortgage-Backed Securities; RMBS; mortgage; mortgages; mortgage insurance; mortgage market;

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