Nov 29 2004

Mexican Immigrants’ Dollars Finance a Nascent Mortgage Market

Published by at November 29, 2004 10:00 am under Global Culture,Hispanic Marketing

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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