2011 Mortgage Lending Outlook

For 2011, based on the main financial entities’ expressed goals, the number of mortgage loans could grow around 7 percent, which would imply a real increase of 10 percent in the amount of credit. At the same time, for the year 2011, the main mortgage financing institutions (INFONAVIT, FOVISSSTE, commercial banks and Sofoles) expect to place approximately 764,699 mortgages for the acquisition of homes. Moreover, 89.6 percent of INFONAVIT’s 480,000 mortgage origination goal and 89.9 percent of FOVISSSTE’s 90,000 mortgage goal for 2011 will be designated for markets where Homex has ongoing operations.