The RMBS downturn in Mexico, most acute among nonbank originators, has put sector regulator Sociedad Hipotecaria Federal (SHF) on war footing.

In September the agency made the inclusion of a master servicer in mortgage and construction-loan deals a precondition for carrying the SHF stamp, only one of the rules it has instituted this year as a way of reviving investor confidence in the sector and strengthening transactions.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.