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

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...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Staff Country Reports; Country Report ; No. 2007/162
Online Access:Full text available on IMF
Description
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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Physical Description:1 online resource (32 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students