Mortgage Finance
26 Feb
The new Managing Director, Federal Mortgage Bank of Nigeria, Shehu Osidi has taken over the affairs of the bank in Abuja, promising to run open, transparent and accountable to meet the housing needs of stakeholders.
12 Feb
The Federal Government has assured of its commitment towards the N500 billion recapitalisation of the apex mortgage firm - Federal Mortgage Bank of Nigeria (FMBN) and facilitation of necessary legislative amendments of relevant housing industry laws including the National Housing Fund (NHF) Act, 1992, FMBN Establishment Act, 1993.
25 Dec
In quest to find sustainable solutions to long-term funding for the mortgage sub-sector, the Federal Government and Mortgage Banking Association (MBAN) have moved to take the bull by the horns by exploring alternative sources to finance affordable housing in the country
27 Nov
Following the dwindling fortune of the economy, the Mortgage Banking Association of Nigeria (MBAN) has received approval of the Central Bank of Nigeria (CBN) for an interest rate matching fund as an initiative to reduce lending interest rate.
20 Nov
The last is yet to be heard on the eviction of residents of Renaissance Estate in Port Harcourt, Rivers State as the homeowners are demanding reinstatement to the property or payment of N4 billion compensations by the First Trust Mortgage Bank Plc for rendering them homeless. The eviction, which occurred last year brought hardship among…
24 Apr 2023
Towards addressing high-interest rates in the real estate market, the Federal Mortgage Bank of Nigeria (FMBN) has advised stakeholders to engage the Federal Government and institutional regulators towards creating special intervention funds and subsidies for the mortgage industry.
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