Top ten Mortgage ProvidersMortgage providers in the top ten
It is the biggest asset contributor with more than 70 per cent of the mortgage subprime mortgage subprime in Mexico (loan book of almost 70 billion dollars). She is also the biggest retirement funds management company in Mexico, with 23 per cent of Mexico's overall wealth under management of around 60 billion US dollar.
It is therefore a basic instrument for the application of law and order, which will reinforce the effects of the Mexico government's socioeconomic reform. However, since the new government took over, Mexico has become a more prolific, productive, competitive and vibrant country. The courageous changes to the system have given genuine cause for hope to those in the residential property sector, and in particular to mortgage lenders in Mexico.
Important labor and power reform and fiscal, competition and transparent adjustment have opened the way for a revival of the residential property sector - and with the aim of increasing efficiency, protecting the civil liberties of Mexicans and consolidating the dominant democracy and liberty of the country's polity, the new government's initiated economic reform promises a much better tomorrow for Mexico.
Mexico's new domestic residential policies, in line with the country's 2013-2018 NDP, mark the beginning of a move towards intelligent and affordable homes in Mexico. So the New national housing policies offer mortgage lenders the chance to reconsider the residential sector and come up with new ways to make up for what is an important part of the overall economics.
In spite of the continuing challenge for mortgage providers in Mexico, there are still a number of companies that have managed to revive the residential industry by benefiting from this vibrant and highly-competitive environment. Mexico's residential property standards and affordable living standards are consistent with the government's commitment to promoting prosperity and society, so mortgage providers now have an important stake in promoting domestic prosperity and prosperity.
Perhaps none of the best named players in the residential property industry is better suited to the many challenging and challenging markets and chances than Infonavit, an organization that is seen as the standard that competing mortgage providers in Mexico should strive for. Infonavit was established in 1972 and is equally divided between state, trade unions and trade unions.
It has a double mission to offer both durable accommodation as well as retirement funds to improve the lives of employees. Much more than an independent mortgage lender, the bank is now one of the world's biggest mortgage providers, number one in global asset allocation and number four in lending.
Infonavit, the biggest mortgage provider in Latin America with a credit book of almost 70 billion US dollars, is envied for the triumph of all competing mortgage providers in Mexico. It represents an astonishing 70 per cent of the mortgage subprime mortgage subprime in Mexico and is the biggest asset manager in the country, managing around 60 billion dollars or 23 per cent of Mexico's entire wealth.
Infonavit's dedication to promoting socioeconomic prosperity, with a mandate that is in many respects the same as that of the Mexico administration, clearly distinguishes Infonavit from its competitors. As Infonavit remains a major player in the country's residential construction industry, the still troubled markets should recover under its guidance in the coming month and years.
Infonavit attaches the greatest importance to ensuring continuity in the reconstruction of the residential property market and enhancing the skills of mortgage providers in Mexico. Institution for Renewable Development's involvement is reflected in all its activities, not least in its "green mortgage programme", which provides mortgage owners with extra loans if they provide their homes with eco-technologies.
In addition, Infonavit's "Mortgage with Services" program allows the borrower to authorize the institution to retain payment of mortgage and servicing fees so that they can be used instead to provide general interest assistance. Moreover, the "Improvement of the Housing Unit" program provides a great deal of scope for competing mortgage providers in Mexico, as the program dramatically enhances the inhabitants' standard of living by sustainably supporting municipal deveopment.
Finally, Infonavit's "quality of care" policy guarantees that the apartments it offers are of unsurpassed standard among mortgage providers in Mexico. In addition, the owners must conduct strict testing to ensure that the apartments always meet the high standard of the school. In addition to providing mortgage-related goods and immovable property related solutions, Infonavit is also involved in the field of innovative finance.
Again and again the institution tries to find appropriate ways for the employees, e.g. by raising the maximal loan amount and from May 2013 by granting loans in US dollars to persons with an income of more than five and a half fold the minimal salary. In addition, for the first year in 40 years, Infonavit has chosen to implement a leasing programme for those involved in residential development schemes in metropolitan areas.
In 2013, the institution also started a new program designed to meet the living needs of state and local government staff, as these are two areas that have been severely undersupplied by mortgage providers in Mexico for years. These services offer a variety of welfare services for non-members who want to find their way into the informal world.
Two million people in Mexico, hopefully servicing a large part of our community that may have previously eluded the system's clout. For Infonavit, mortgage credit is not only a financing instrument, but also a means of enhancing the living standard. Infonavit will undoubtedly pursue and pursue groundbreaking policy options with this vision in view, which will benefit both the company and the economy and community of the state.
Through the provision of the necessary goods and service, both the State and Infonavit contribute to the general well-being and net wealth of employees. There is no doubt that the institution has set an impressing example that others in the mortgage industry in Mexico are striving for: Since sustainable development, accountability and visibility are important factors in the country's residential construction, we can anticipate that competing mortgage providers in Mexico will have similar ly innovativeness in their strategy.
Supported by a federal administration that focuses on reinforcing inter-institutional co-ordination, following a intelligent and sustained metropolitan design pattern and cutting house subsidies, mortgage providers in Mexico are a key element in the residential sector's rebound. Developing their own local representation and taking advantage of the country's accommodative climate, actors in the residential sectors are well placed to mitigate inequalities and enhance possibilities for those who contribute to the domestic residential property canal.