While participants of the 2012 SiLAS conference hosted by Euromoney Seminars and LatinFinance were happy to move on from the Mexico-centric talk of previous years, more than a few players were still buzzing about the plans by Mexican originator and recurring RMBS issuer Infonavit to eventually morph into an investor. (See graph at right for projected cash flows.)

"We will become one of the pension funds in Mexico," said Jorge Marquez Garcia, the manager of RMBS of this agency, which is akin to a GSE. Speaking at a panel, Marquez said that when it becomes an investor, around 2018, it will most likely no longer issue RMBS, and will also significantly scale back the number of loans issued each year.

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