Mexico’s private sector lenders could make up to 180,600 home loans for 93.2 billion pesos ($7.31 billion) next year as the mortgage industry recovers from a sharp downturn in 2009, according to a top industry executive.

“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,” Ignacio Deschamps, president of the Association of Mexican Banks, or ABM, said at a housing conference Monday.

Full story is available on The Wall Street Journal