Guinness Iron Black Stool

The housing market in Mexico and development banking strategic motor housing

Javier Gavito Mohar

Development Banking in Mexico is the Federal Mortgage Society (SHF)-which began operations in 2002 - a valuable tool for financing the housing market which has resulted in a huge boost to the construction Real Estate in virtually all regions of Mexico and a very important economic benefit for our country.


The participation of banks limited purpose finance companies and multiple object and microfinance and other financial intermediaries together with the national housing agencies and developers are manifest in housing figures reflect a rapidly moving field that impacts many other activities and is a major source of job creation. However

originated in the U.S. subprime crisis which intensified with the Lehman bankruptcy in September 2008 was its most notorious of the restriction on the liquidity and financing sofomes Sofoles and specialized in the mortgage industry that until then played a role in the financing of both housing and mortgages for low-income families. These middlemen not only struggled to renew the commercial paper issued (more than 34.000 million pesos), but also suddenly closed were all sources of private financing.

Thus, SHF entrusted to provide the necessary liquidity to the sector and restore the funding mechanisms involved. By two agreements with commercial banks and other financial intermediaries were treated successfully with the problems of liquidity that had stopped the train called home.

SHF had also stopped giving loans to the construction since 2003 due to commercial banking and capital markets needs properly catered housing developers had to reactivate the granting of such credits to drought was caused by the crisis. From October 2008 through March 31, 2011 were authorized 24,635,000 pesos for bridging loans.

Also during the 2009 economic crisis and the situation resulting from the H1N1 affected the labor market, which damage the portfolios of financial intermediaries so some of these institutions had to neatly resolve the situation without creating a systemic problem.

With the return of liquidity and funding into the sector with measures implemented by the SHF and initiated an economic recovery that prevailed intermediaries able to implement a series of measures to consolidate and strengthen its financial position through capital injections as happened with ING Real Estate and Credit Vertex or through mergers and acquisitions as Casa Mexicana with comprehensive support and Fincasa Ixe with Banorte. Metrofinanciera also returned to the market properly capitalized and ABC Capital is becoming the bank.

Although the 2008, 2009 and 2010 were years in which the conjuncture of the crisis with its effects on the mortgage finance sector was very demanding in the SHF never lost sight of the long term.

therefore fulfilling its mandate as a development bank is pursuing strategies to promote access to credit and housing solutions for the underserved market and more housing backwardness is mainly composed of those not affiliated to social security systems. For these segments have designed several products and is expanding the network of financial intermediaries operating in the SHF.

This year is a clear dynamic recovery and particularly the mortgage industry in funding the production of housing and mortgages for the sector of non-members.

The real success for the SHF and the industry in which it operates is to migrate from a quantitative model in providing quality housing for inserting a housing into a sustainable environment and thereby improve the quality of life for families who dwell on it. For this, the SHF coordinates the work of 13 government agencies that are jointly designed and implemented and the concept of Developments Integrated Sustainable Urban who is serving as the standard for a new model of community life and future cities where sustainability is manifested in the economic social and environmental.

Director General of Federal Mortgage Society

Free Corner Lot House Plans

Telmex TV, now it?

What seemed like it would never happen during the administration of President Felipe Calderón, may be about to happen, is amended to grant pay Telmex for this television networks. This may be in spite of what the President and other political party in turn would have liked. Again it is the Federal Judiciary is to provide certainty to the sector. Telmex was the purview of the federal courts against various omissions of both the Federal Communications Commission and the Secretary of Communications and Transport. The sentence of last resort under the Seventh Collegiate Administrative Tribunal of the First Circuit is an argument for Interestingly enough analysts and industry experts had never seen. Let's see.

Background. Convergence Agreement of 2006 to restrict the convergence of a company, established a special regime that had a name: Telmex. Convergence Agreement established a series of requirements that Telmex should be satisfied before providing services or pay television networks, among which were certain interconnection obligations, implementing number portability, to be in compliance with its obligations. Once Telmex has complied with those obligations, then Cofetel would give a favorable opinion for which there out with the Secretary of Communications and Transport to it, based on the opinion of Cofetel resolve the modification of the concession. Telmex filed its initial application in 2008, no response obtained. Later in 2009 and 2010 continued to have written looking for the lifting of the restriction of its concession in 1990 over pay television services. The responses of the authorities were media and non-formal, saying he was considering, that whatever may be resolved in a reasonable time, and so on. Finally, Telmex promoted omissions appeal against the Secretary and the Cofetel.

Amparo. The Court unanimously ruled that:

(1) the Convergence Agreement states that Cofetel had a period of 60 days to decide whether Telmex had complied with the conditions and had 15 days to notify you of the requirements were not met, if not to do , would have a favorable opinion for granted (yes fictitious). "(...) To the failure of the Cofetel to notify dealers response restrictions on the favorable opinion of compliance requested within the prescribed period, it must be taken for granted (...)."
(2) the Secretary must "(...) to provide consistent and comprehensive response to requests [for Telmex and Telnor] ... founded and reasoned manner, taking into consideration that in the case operated in full by the Federal Communications Commission, the affirmative ficta favorable opinion regarding the compliance to the restrictions contained in securities granting the plaintiffs are eliminated. " Following

. Case somehow routed to the SCT change the Telmex concession, because the favorable opinion of Cofetel have met the requirements of the Convergence Agreement, how could legally justify denying the amendment SCT granting Telmex? Doing so regardless of the very probable improper foundation and motivation, this would consolidate the increasingly popular version of the National Action Party through the Federal Executive Telmex hurt to look good with Televisa for the elections of 2012.

Society, Law and the Internet. On May 17 from 9 to 15 hours will be held free international forum led by Dr. Julio Tellez at the Institute for Legal Research of UNAM, which will direct link to the events in Geneva, and discussed the agenda national digital, Internet governance and cloud computing, among others.

Jucing And Green Stool

Mexico's economic future is in the housing industry said Luis Orvananos Lascurain president and corporate director of GEO.

In an interview the man who heads the largest housing developer in Mexico noted that the sector is becoming an engine for development by the spill of resources employment generation and social and environmental impact.

The strategy is following the federal government in this matter is not only helping to solve the problem of urban disorder of settlements but gradually getting involved in new areas since the housing policies focus on green sustainable and to address the backlog in the country.

This year, for example, said he is helping to detonate a market of almost 22 billion pesos of climates, air conditioners, fluorescent lamps for residential use, energy saving light bulbs, thermal insulation, ceilings, walls, materials insulation, photovoltaic solar panels, high efficiency chillers, solar water heaters, toilets, showers and faucets ecological level.

ecotechnologies In sum which by law have to be installed this year on new or used housing with government and private funding.

Orvañanos Lascurain said that in the case of GEO build housing price has increased by 23 thousand 323 pesos on average during the first three months of the year for the equipment of this type of eco-technologies.

Drawing on the increase in the price of housing, and funding programs expected in 2011 through about a million shares may trigger associated industries sector, said the director of GEO.

Infonavit

For example, intends to award about 480 thousand credits and the cost of environmental technologies that will have properly installed could reach 11 thousand 195 million pesos, is scheduled Fovissste 90 000 shares and only ecologic equipment could generate an additional spill of about 2 billion pesos, Financial Mortgage Corporation, SHF plans to fund 81 000 575 green houses and equipment demand thousand 902 million pesos.

case of action provided by the National Housing Commission, Conavi, amounting to 170 thousand credits the cost of environmental technologies is estimated at almost 3 thousand 964 million pesos, while private brokers 118 000 dwellings financed and therefore additional resources 2 000 752 million pesos for the installation in the homes of the green teams.

Is A Rectocele Operation Dangreous

The lack of employment and transport at City threatens to turn into a ghost town Zumpango

Tens of thousands of tiny houses of only 32 square meters are a paradise for thousands of masons and propineros workers who must leave their families alone so far from where Zumpango City unemployment, economic and efficient transport threaten to turn into a ghost town.

Developers plan 116 000 bicycles to give away all the families who come to this City Bicentennial since more than 90% of them have no car.

Today the bike is the basic transport of thousands of poor families living in tiny houses of 32 square meters that despite their low income pay maintenance fees to ensure the landscaping service, security and street sweeping what they see as their paradise.

Before we lived in Iztapalapa in quarter three by three meters in a colony of scavengers and a lot of trash now gladly pay 82 pesos a month for the maintenance of security gardens and street sweeping, says Federico Alcantara every day who travels more than 150 miles in four hours to get to and from their work in University City South Mexico City. Frederick is the caretaker and his salary comes from tips, along with hundreds of construction workers and family workers less than three minimum wages chose to live in Zumpango City to have a home.

Federico who in the kitchen bake flan for her three small showed off the tiny home that has a bedroom, the dining room where the litter is also their daughters on TV, the fridge and a stereo. While his wife tried to build a quilt folded in a tiny courtyard of service. Before I had a room with a tin roof and dirt floor when it rains here and we realize, "said Maria Eugenia Garcia while accommodating bicycles and scooters that she and her children used to go to school.

She is one of many families whose husbands come home only once a week because the work is far and ticket cost of 70 pesos a day. No parent is already a serious problem of family disintegration and Bolaños says Alberto Ramos Manager of Planning and New Projects Group Geo.

Living in a house 32 meters is not a tragedy Infonavit delegate said Ernesto Pérez Nafarrate and adds. There are rich and living in 25 square meters in space that cost one million Euros in Paris.

Zumpango In City where most houses are 32, 41, 44 and 50 square meters offset confined spaces with gardens, open spaces, bike paths, community centers and soon Internet access.

Here Infonavit experience a new scheme for payment of maintenance services directly deducted from contributions to the school to ensure continuity common areas in the long term and avoid a couple of years, these sets of social interest are collapsed, full of graffiti, litter and dry gardens Zumpango Perez said Nafarrate City was planned for 155 thousand homes now look empty streets despite already delivered more than two thousand houses and runs the risk of becoming a ghost town if the federal, state and municipal governments do not take urgent action to create jobs, roads and an efficient and economical transportation.

Zumpango

De Tlalnepantla to the transfer of 49 km takes nearly two hours by road from Cuautitlán funnels and Melchor Ocampo. Most have to pay more than 70 pesos Parts daily in even the most direct route is to Indios Verdes to get to the Federal District

Of the five cities Bicentennial-enacted by Governor Enrique Peña Nieto at the beginning of his administration "is only Zumpango Infrastructure has been done with a city said Alberto Ramos.

With 154 000 new housing is urgent to create at least 100 thousand new jobs in this area which will prevent people to move over 50 miles in addition to expensive transportation is inefficient.

Sample Da 4187 Mos Change

Supreme Court, "Interconnection of public interest? Telecom and national security

In the coming days the Supreme Court Nation resolve a contradiction of thesis on interconnection, which will set a criterion of great importance for the sector and mandatory for everyone. Interconnection is undoubtedly of public interest, for what seems like the answer to whether or not to grant the stay of an act related to interconnection claimed an injunction would be obvious: you should never be granted the suspension. However, talking of "interconnection" means talking about a myriad of topics.

You mean the decision of the Federal Communications Commission over a disagreement of interconnection between telecommunication licensees? What aspects of this resolution be fighting? Will the rate co-location, the delivery of blogs? Or does the act in question has to do with an order Cofetel interconnection interconnection's refusal of a licensee to another? Or is the act called for a penalty imposed interconnection by the Ministry of Communications for Transport? Or is the act complained of an office of responsibility of the Federal Competition Commission in which the relative monopolistic practice is in the interconnection market?

The obvious answer that the Court ought to rule in favor of denying the suspension provided the protections of interconnection is its nuances. The challenge of the Court is not lower because the existence, survival and permanence of the competition (not to mention healthy, but any competition) depends heavily on the facilities (at large). This includes physical and logical interconnection (interconnection in the strict sense), the interconnection rate (remember that there are different types of interconnection to local transit, intercity transport, call termination, etc.), the delivery of bonds, collocation , penalties and guarantees of the interconnection, among others. Consider 2 cases of interconnection in relation to the suspension of amparo.

 Lack of interconnection. In 2006, Telcel, Movistar, Iusacell and Unefon refused to interconnect with Nextel to study or SMS text messages. Cofetel ruled that it was a refusal to interconnect cellular operators and to be interconnected to allow users of all networks would communicate via SMS. This case has no turning back, is contrary to public interest to grant the suspension in the shelter because it involves depriving the citizens of the SMS service based on who the service provider. However, at the time, at least one district court granted the suspension to a cellular operator, arguing that to deny the suspension, citizens get used to having this service telecommunications and if the plaintiff won the under then would have to suspend interconnection. This case was worthy of the international experience of what should never happen. In all other cases it is clear that the public interest is communication through telecommunications and the interconnection of Cofetel order to remedy the denial of interconnection must be placed under suspension. 

interconnection rate. The biggest disputes are for the interconnection charge and also those most difficult to resolve by Cofetel. The difference of a tenth of a cent at a rate interconnection may involve many billions of pesos. Is public interest Cofetel resolution of an interconnection rate? Should we deny the suspension by a drop in rates? Who is injured beyond repair if the suspension is not granted? If the reduction of tariffs that oblige it to apply proportionately reduced user fees, then surely one should deny the suspension. But the reality is that users do not necessarily receive, or at least not immediately benefit from the reduction of interconnection rates, then are we in the presence of a commercial item which could be given under suspension?

The Federal Judiciary has again the last word in defining the substantive aspects of the telecommunications sector and in the coming days we will add other questions concerning convergence.