Mexico's largest banking company, Grupo Financiero BBVA Bancomer SA, sees its fledgling cross-border mortgage business growing this year and in 2010 as Americans continue to buy second homes in Mexico despite a weak U.S. economy.

"At least for us, cross-border mortgages have grown," said Isidoro Sanchez, the director of business development at BBVA Bancomer's mortgage arm.

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