Record-High Delinquency Expected at Infonavit

The Mexican housing institute, Infonavit, faced a concerning financial situation as it closed June 2024 with a delinquent portfolio of 338.126 billion pesos and a delinquency rate of 18.94%. This alarming figure comes amid plans by the next federal government to have Infonavit build and rent homes. The growing delinquency rate raises serious concerns about the institution’s ability to fulfill its social mission and contribute to affordable housing in Mexico.