September 1, 2004
Guillermo Babatz has a big job on his hands. After traveling the fast track in a number of senior positions at Mexico's Finance Ministry, known as Hacienda, the 35-year-old Harvard-educated economist was appointed two years ago as director-general of the newly created federal mortgage agency, Sociedad Hipotecaria Federal (SHF).
SHF's debut was accompanied by widespread speculation about its role. Babatz describes that mission simply: to create a secondary mortgage market.
And securitization should be the mechanism of choice to finance mortgages, meaning mortgage-backed securities (MBS) wo
Guillermo Babatz wants to revolutionize Mexico's mortgage industry and reshape the country's capital markets, too.