The Rio Times
Americas · 3 hrs ago
Argentina Tries to Build a Mortgage Market From Almost Nothing
Markets Key Facts —The push. Economy minister Luis Caputo is urging banks and brokers to pool capital into a real-estate fund to revive home lending. —The model. The idea resembles a real-estate investment trust, or REIT, spreading risk across several financial players. —The problem. Most Argentine home buyers still pay cash, and mortgage-backed sales fell […]
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