Mexico: Financial Sector Assessment Program Update-Technical Note-Housing Finance
Volume/Issue:
Volume 2007
Issue 162
Publication date: May 2007
ISBN: 9781451825701
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , ISCR , CR , loan , SOFOLs , Apoyo INFONAVIT , bank , lending , SHF mortgage credit line , mortgage SOFOLs , SOFOL loan balance , low income , UDI loan , financing sunset , carry MI , Mortgages , Loans , Income , Credit , Housing , Europe
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Summary
This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Sociedad Hipotecaria Federal has successfully led a range of direct policy measures that have stimulated the development of the housing finance market. The government improved the legal environment for mortgage finance by passing reforms that reduced the average time to foreclosure from five years to two, by facilitating the reform of several state property registries and by facilitating mortgage securitization.
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