Housing Finance and Mortgage-Backed Securities in Mexico
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
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.
Series:
Working Paper No. 2008/105
Subject:
English
Publication Date:
April 1, 2008
ISBN/ISSN:
9781451869668/1018-5941
Stock No:
WPIEA2008105
Pages:
25
Please address any questions about this title to publications@imf.org