Sentido Comun – Homex, the housing construction firm that failed to pay debts two years ago, reached an agreement with the Institute of National Housing Fund for Workers (Infonavit), the agency that grants Mexico’s highest number of mortgages, to re-engage in mortgage finance programs.
Nasdaq – Western Union Co. said it will begin international direct-to-bank money transfers to Mexico from the U.S. through Grupo Financiero Banorte, a move that aims to expand the money-transfer-services company’s range of customers in Mexico.
Bloomberg – Mexican popular financial corporations are under new scrutiny by regulators, after the industry’s largest fraud in more than a decade caused losses to 6,000 savers.
Bloomberg – Mexico’s Finance Ministry took out 50 billion pesos ($3.4 billion) from the state oil company Petroleos Mexicanos, according to a statement to the Mexican Stock Exchange.
TeleDario – The National Banking and Securities Commission says 652 Sociedades Financieras de Objeto Múltiple (Sofom) are operating in Mexico. The institutions do not report any information to the government, a higher risk to consumers.