Standard & Poor's Mexican RMBS index suggests improvement could be relatively slow for the remainder of the year due to global economic concerns.
The World Bank president Sunday warned that such concerns have been intensifying.
S&P said it believes the economy south of the border will remain stable, which will aid mortgage borrowers there, but the broader financial woes throughout the world could dampen RMBS recovery.
The rating agency said the Mexican economy in the first half of the year was mostly positive and RMBS during that time did show hints of improvement even though their overall performance continued to decline.
S&P said it expects during the second half the kinds of delinquency and nonperforming loan trends seen in the first half will continue without notable changes.
The rating agency had not responded to a request for comment on how this compares to or might affect the U.S. market at press time.
