| Brazil's biggest housing lender, Caixa Economica Federal, plans to sell up to $2 billion in mortgage-backed securities this year to institutional investors as part of a plan to modernize the sector and ensure continued growth, the bank's president said on Wednesday.
The transaction would mark a milestone in the maturity of Brazil's still-nascent mortgage market, allowing state-run Caixa effectively to offload part of its balance sheet and continue growing lending at a 50 percent-plus annual pace..............................................Full Article: Source
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