IFC Boosts Peru MBS Market

IFC Boosts Peru MBS Market


The International Finance Corporation (IFC), the private-sector arm of the World Bank, is collaborating with Titulizadora Colombiana and Banco de Crédito del Perú to set up Peru's first secondary mortgage market company, Titularizadora Peruana. The company, which will have an estimated capital of $3.6 million, "will acquire residential mortgage loans and structure mortgage-backed securities to develop the secondary mortgage market and expand access to housing finance in Peru", said the Corporati

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