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Infonavit’s Housing Loan Default Rate Surges to 34 Percent
The Institute of the National Housing Fund for Workers’s housing loan default rate has grown by 16.3 percent since March 2019, creating a unstable environment for Mexican workers seeking new housing loans
Read morePemex Asks Goldman Sachs, JPMorgan for $1 Billion Loans
Bloomberg previously reported that Pemex has been in talks with Goldman Sachs and HSBC for financing related to reducing greenhouse gas emissions
Read moreMexico News Roundup
By RICARDO CASTILLO Debt Restructuring Plan The Mexican Treasury and the National Banking and Stocks Commission (CNBV) launched a national debt relief package to help borrowers and banks alike during the covid-19 pandemic-provoked economic crisis. The plan includes a downsizing of the agreed-upon interest rate and reduces the monthly amount borrowers are currently paying. All news arrangement will have to
Read moreInfonavit Loans Debt to Be Reduced by Up to 55 Percent
By THE PULSE NEWS MEXICO STAFF Nearly 195,000 Mexicans with outstanding debt to the state-run workers’ housing agency Infonavit (El Instituto del Fondo Nacional de la Vivienda para los Trabajadores) will see their debt to the institute slashed by as much as 55 percent this year, President Andrés Manuel López Obrador (AMLO) announced on Wednesday, Feb. 6, during his daily
Read moreArgentina Can Get By with a Little Help from Its Friends at the IMF
By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico and Argentina
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