The Merrill Lynch Investment Bank is interested in buying mortgage portfolios in Central America and has made $200 available for this.
Salvadoran vice minister of Housing, Mabel de Soundy, reported interest has increased in response to the strengthen of mortgages throughout Latin America because these were granted in the local market on solid bases and have a low level of default.
Guatemalan analysts agree that the country will not receive a direct impact from the international financial crisis.
Carlos Gonzalez, an economist from the Association of Investigations and Social Studies, affirmed that he does not foresee any direct impact, however he said that this could happen if the US economy continues to slip and therefore affect Guatemalan exports, remittances and employment.
The New York Stock Exchange was rising after its historic fall yesterday in hopes that the rescue plan will finally be approved.
At 16H00 GMT, the Dow Jones Industrial Average (DJIA) rose 266.74 points to 10,632.19 after having fallen close to 800 points on Monday.
The Nasdaq index, which is made mainly of technology companies, rose 62 points to 2,045.73 units and Standard's and Poor's 500 rose 3.21% (35.57) to 1,141.99.
Prices of vacation homes being sold to foreigners on the Pacific Coast of Costa Rica have fallen by 40 percent.
This is according to the online classifieds website encuentra24.com, which displays over 10,000 real estate listings posted by owners and real estate companies.
With the decrease in prices all along the Pacific Coast, residence homes that were once being sold for $640,000 are now going for $400,000.
The U.S. mortgage crisis has hit Costa Rica's once booming vacation home market, with sales plummeting as Americans who dream of buying a tropical getaway struggle to find financing.
U.S. retirees and vacationers often pay for beach homes along Costa Rica's jungle-fringed beaches by taking out mortgages on their homes in the United States, but trouble in the banking sector has made that more difficult, realtors say.