Deutsche Bank To Buy Mortgage Stake From Ixe

Germany’s Deutsche Bank is to buy 49% of Mexican mortgage lender Fincasa Hipotecaria from local financial group Ixe. Fincasa specializes in financing low-income housing, an area that is attracting foreign investors. Ixe bought Fincasa Hipotecaria in February for $49.6 million. The amount paid by Deutsche Bank has not been revealed.