Mexico Home Lender Preps Jumbo RMBS

Mexico Home Lender Preps Jumbo RMBS

Structured Finance

Amid a regional revival in securitization, Mexican mortgage lender Fovissste is planning to sell MXP3.5bn in 2039 UDI-denominated RMBS June 24, its first ever use of the structure, according to bankers managing it. The government-backed lender to federal employees is using a similar model to Infonavit’s MXP2bn May transaction to raise funds in what remains a very challenging market. A simple structure from the government-backed lender is the only way to get RMBS deals sold in Mexico, says a bank

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