While Mexico's nonbank originators known as Sofoles are still grappling with the effects of the economic crisis, state-owned agency Infonavit continues to turn out mortgages and securitize them in steady if not growing volumes.

The originator, which has been dominating the RMBS market along with fellow government-owned agency Fovissste, has no intention of scaling back this year, with plans to float Ps16 billion ($1.3 billion) of RMBS, according to Jerzy Skoryna, who heads up structuring at Infonavit. The goal would be a 5% increase from last year.

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