Fortunately, Mexico has instituted a pension plan, financed with a 5% tax on wages, that will invest in private instruments, including mortgage-backed bonds.

FORBES: Mi Casita Es Su Casita

This latest crop, including mortgage REITs and private-equity funds, is filling some of the void left by banks that have disappeared or recoiled postcrisis.

WSJ: Deal of the Week: Stepping Into the Yards

The bank still has unresolved litigation related to mortgage-backed securities with a group of private parties including the Federal Reserve Bank of New York, BlackRock and PIMCO.

FORBES: Bank Of America In $10B Mortgage Settlement With Fannie Mae