Reduce delinquencies on delinquent loans Employees' National Housing Fund Institute (Infonavit) it could take up to 30 years, so under the leadership of the next administration Claudia Sheinbaumwho will appoint him Octavio Romero Oropezaformer director Pemex As the head of the institute, you will face the challenge of keeping its finances healthy and completing the housing and rental reform.
“I think that in about 30 years it should rise to exactly the 10, 12 percent (of the expired credit index) when the entire portfolio was killed,” he opined in an exclusive interview with EL FINANCIERO. Carlos Martínez VelázquezDirector of Infonavit.
The non-performing loan index (ICV)At the end of the second quarter of 2024, it was 18.94 percent, which is more than double that registered in the same period of 2019, when the 2019. Andrés Manuel López Obrador With an ICV of 8.05 percent.
He emphasized that starting from the next six-year term, this problem, which he believes is inherited, may decrease.
“These are credits that were granted at the time Calderon they're basically on minimum wage, that's the majority of the expired stock, because it's loans that were very expensive for people and related to houses that are a waste of resources, there was no water, there was no public transport. , you can understand that many people stop paying,” he said.
Martínez Velázquez said that one of the big challenges is a sexennium Making Infonavit's expired portfolio transparent, which had been “compiled” in previous administrations by being classified as current, so their recognition and the elimination of massive eviction lawsuits slowed the cleanup of the portfolio.
According to him, despite this, Infonavit posted historic figures for loan disbursements and higher profits. The institute issued 2.7 million home loans in August and generated more than 1.35 billion pesos, 20 percent more than in the past six years.
In addition, they have converted more than 1.3 million credits from which they are derived Minimum wage gap (VSM) to pesos, with the shared responsibility, which was a relief of more than 88 billion pesos to the workers' balance. There are currently around 1.2 million loans that can still be restructured.
It is time to implement the reform
The CEO of Infonavit admitted that the proposal of the president-elect, Claudia Sheinbaum, to appoint Octavio Romero as the head of the institute, will help to maintain the flexibility of the housing agency's lending, payment and financing schemes and, above all, to complete the ongoing reform Infonavit builds and rents real estate.
“This will be the most relevant challenge of the next administration, the promotion of this build and rent system. The pending general loan, portfolio is more than pending to ensure continuity of many things that we have done with the president,” he stated.
Infonavit's director estimated a few months ago that the reform could progress through the rest of the year for approval, and could be ready in February 2025 to start launching projects related to this plan, which will allow workers to receive at least 10 years of income payment as an initial down payment.
On the other hand, he noted the need to strengthen ties with some housing developers after this administration ended housing subsidies and was misused by previous administrations and builders in corruption cases.
“Other developers have adapted, I think the big type of developers Vinte, Sadasi, Javeretc., they understood that another way to generate income and work closely with Infonavit is through mixed developments, so they put cheap, medium and expensive apartments on the same property, and they all live in the same neighborhood,” he added.
With regard to the transition and upcoming legislative changes, Martínez Velázquez assured that the institute will maintain plans for workers to receive funding, although he noted that the behavior of inflation should be monitored.