The Mexican Mortgage Market: Has the Ship Come In?
Download Document| Date Published | 2014 |
| Version | |
| Primary Author | David Dale-Johnson and Gene Towle |
| Other Authors | |
| Theme | |
| Country | Mexico |
Abstract
Since the peso devaluation in 1994 and the exit of the commercial banks from the housing finance sector, numerous initiatives and the growth and strength of the mortgage banking sector has resulted in much optimism regarding the future of the housing market and mortgage finance in Mexico. Beginning operations in April, the newly created Federal Mortgage Bank, or Sociedad Hipotecaria Federal (SHF), is positioned to create Mexico's secondary mortgage market. This article describes the current environment in the housing and residential mortgage sector in Mexico and provides some perspective on the future as President Vicente Fox targets a doubling of housing production by 2006.