Dismal home sales figures to be released by Mexican research company Softec are sure to hit construction-loan securitizations, according a report by Moody’s Investors Service. The firm will project a 12% drop for 2010 in a report due to be released over the next few weeks.

Deals backed by construction bridge loans have borne the brunt of the housing downturn in Mexico, as developers have had a tough time paying back loans in an environment where demand for their product has dried up.

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