The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
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.