Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis. The settlement, announced on Wednesday, includes $6.3 billion in cash […]
Mortgages
Mortgage refinance company to get $250m IDA grant
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday said that the Nigerian Mortgage Refinancing Company had met the World Bank condition for the drawdown of $250m (N40bn) International Development Association’s grant. The minister, who said this while speaking at a housing stakeholders’ implementation summit in Abuja, noted that the […]
Nigeria needs 2.0 trillion Naira to Address its Mortgage Problem-Chike-Obi
By Peter OBIORA InvestAdvocate Lagos INVESTADVOCATE)- Mustafa Chike Obi, the managing director asset management corporation of Nigeria (AMCON) Tuesday said Nigeria needs about 2 trillion naira to address its mortgage problem. Chike Obi said this in Lagos Nigeria as a guest lecturer at the Hallmark Public Policy Forum ‘’ Emerging […]
