The importance of housing, and specifically residential mortgage lending, to the future economic health of Mexico is unquestionable. Housing construction and related components are among the most important integrals of the engine that is to power the economy of this nation. This economic stimulus should generate:

• Consumption of raw materials for construction of homes.
• Wages earned by builders, which are spent in food, clothing, cars, furniture, schooling, and taxes in addition to the many other products and services.
• Fees earned by real estate professionals when the homes are sold.
• Interest earned by financial intermediaries on mortgage loans financing the construction and purchase of homes.

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