Hence, in marked contrast to the widespread practice in Mexico prior to 1995 and in the United States before 2008, mortgage products are mostly based on fixed nominal interest rates and do not allow for negative amortization.
Rasheed Mohammed Al Maraj: Toward a more integrated Arab insurance market Address by His Excellency Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, at the General Arab Insurance Federation General Conference 2008, Manama, 26 February 2008.