Luis Caputo announces 2 trillion plan for mortgage loans with ANSES funds

Economy Minister Luis Caputo announced a plan to boost mortgage loans with 2 trillion pesos from the Sustainability Guarantee Fund (FGS) of ANSES. The goal is to provide financing that aligns with the terms of housing loans. Entities will be able to obtain long-term financing, reducing the mismatch between short-term deposits and mortgage loans, without the pension fund directly purchasing the mortgages. The initiative aims to strengthen bank funding and reverse the slowdown of UVA loans in recent months. Guarantees from Reciprocal Guarantee Societies (SGR) will also be included for traditional mortgages, providing additional coverage to mitigate the risk of default. Furthermore, the project will promote the securitization of mortgages, allowing banks to transform their loan portfolios into financial instruments to sell to investors.

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