Post by Sapphire Capital on Oct 21, 2008 1:54:52 GMT 4
Housing Finance and Mortgage-Backed Securities in Mexico
Marco Espinosa
International Monetary Fund (IMF)
Luisa Zanforlin
International Monetary Fund (IMF) - European Department
April 2008
IMF Working Paper No. 08/105
Abstract:
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.
papers.ssrn.com/sol3/Delivery.cfm/wp08105.pdf?abstractid=1153727&mirid=1
Marco Espinosa
International Monetary Fund (IMF)
Luisa Zanforlin
International Monetary Fund (IMF) - European Department
April 2008
IMF Working Paper No. 08/105
Abstract:
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.
papers.ssrn.com/sol3/Delivery.cfm/wp08105.pdf?abstractid=1153727&mirid=1