According to a top industry executive, Mexican private sector lenders could make at least 180,600 home loans for 93.2 billion pesos in 2010 due to the improvement in the mortgage industry after a sharp fall in 2009.

While addressing a press conference, president of the Association of Mexican Bank, Ignacio Deschamps said, "In 2010, of the 840,000 mortgages that will be made, we estimate that banks and home finance companies will account for 23% of loans and 42% of [loan] amounts."

Moreover, Deschamps, who is also chief executive of BBVA Bancomer, told reporters that banks as well as home finance companies will probably finance the construction of approximately 70 percent of the 550,000 new homes planned to be constructed in next year.

Further, BBVA Bancomer, the government-run fund Infonavit, anticipates making around 475,000 and 525,000 mortgage loans in the coming year.

According to analysts, Mexican economy will recover in 2010 by 3 percent after declining 7 percent in 2009.

According to the data revealed by the ABM and the Mexican Mortgage Association, private sector lenders will hit the mark of 157,000 loans for MXN81.1 billion in 2009, nearly 28 percent below than 217,300 in last year.

Now, the associations are looking forward that the number of individual mortgages will increase by 15 percent to 20 percent yearly over the next three years.