Nov 29 2004
Mexican Immigrants’ Dollars Finance a Nascent Mortgage Market
The lender is Hipotecaria Nacional, one of several Mexican mortgage firms that have followed millions of workers across the border.
Industry officials say immigrants’ dollars might help finance the flourishing Mexican mortgage market and provide them with a place back home. It is also a new way for Mexico to funnel part of the $13 billion yearly flow of remittances into tangible investments.
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