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SOFOL

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AcronymDefinition
SOFOLSociedad Financiera de Objeto Limitado (México financial society)


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In Mexico, we don't have a subprime market," said Luis Humberto Parra, an officer with the SOFOL Credito y Casa.
It lends money to registered financial intermediaries, banks and SOFOLs (Sociedad Financiera de Objeto Limitado--limited-charter financial corporations created in 1993 that have come to serve as intermediaries in the residential mortgage market).
The SOFOL services the loans, and FOVI provides a 50 percent guarantee against loss.
 
 
 
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