REFORMA DEL MERCADO HIPOTECARIO A 2009 Y CRISIS FINANCIERA.

Abstract

This paper discusses the reform of the mortgage market carried out in Spain by Law 41/2007, December 7, amending the Law 2 / 1981, March 25, regulating the mortgage market and other rules of mortgage and financial system, the reverse mortgages and insurance of dependency and which provides certain tax rule. It also examines the new regulations on the subject contained in Royal Decree 716/2009, April 24, which develops certain aspects of Act 2 / 1981 of March 25, regulating the mortgage market and other rules of the mortgage and financial system. The discussion is only about some of the issues specifically relevant or related to the market for mortgage-back securities. There is a brief description of the process of mortgage securitization as a bridge that allows establishing the connection between the activity of generation and marketing mortgages, on the one hand and the global financial crisis on the other.