Argentina could have an equivalent of Fannie Mae and Fannie Mac within three years, according to the country’s leading bankers.
Total mortgage lending is expected to rise by 45% this year to 3.6bn pesos ($1.18bn) from 2.5bn pesos last year. However, volumes have not yet recovered to the levels seen before the severe economic crisis of 2001, when total lending amounted to 4.6bn pesos in 1998, for example.
