Mexico : Financial Sector Assessment Program Update-Technical Note-Housing Finance

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Release Date: © May, 2007
ISBN : 978-1-45276-089-6
Stock #: 1MEXET2007001
English

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Description

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.

Taxonomy

Banks and banking , Financial institutions and markets , Loans




More publications in this series: IMF Staff Country Reports