NMRC was established to bridge the funding cost of residential mortgages and promote the availability as well as the affordability of good housing to Nigerians by providing increased liquidity in the mortgage market though the mortgage and commercial banks. The company is driven by substantial private sector participation consisting of […]
Mortgages
Morgan Stanley Reaches $1.25 Billion Mortgage Settlement
Morgan Stanley has agreed to pay $1.25 billion to the Federal Housing Finance Agency to resolve claims that it sold shoddy mortgage securities to Fannie Mae and Freddie Mac. In a securities filing late Tuesday, Morgan Stanley said that it had reached an agreement “in principle” with the agency, which […]
London shows signs of house price ‘bubble’, experts warn
Income multiples at pre-crisis levels in the capital and rising, warns EY Item Club The Bank of England must be “prepared to take action” on housing market controls amid fears that London is beginning to show “bubble-like conditions”, according to new research. The average house price in the capital will […]
