11.04.2012 - Brazil housing boom forcing switch to private market: Mortgages
Brazil’s five interest rate cuts and the use of 2.5 billion reais ($1.4 billion) of workers’ compensation funds to buy mortgage bonds are breathing life into the home loan market as the government seeks to address a shortage of 6.3 million homes. The central bank’s plan to lower the benchmark lending rate this year to 9 percent would help drive investor demand for higher-yielding mortgage securities and increase the role of the private market, according to Brazilian Finance & Real Estate SA, the country’s biggest issuer of real-estate backed securities...............................................Full Article: Source
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