Nigeria has put $300 million worth of World Bank aid money into a mortgage-backed guarantee that it hopes will boost lending via the creation of a secondary market, the finance ministry said on Wednesday. Africa’s most populous country and second biggest economy suffers a woeful housing shortage, with somewhere between […]
Mortgages
President Jonathan to formally launch the Nigerian Mortgage Refinance Corporation Today
The Nigeria Mortgage Refinance Company Plc (NMRC) will be officially launched tomorrow (Thursday 16th January 2014) at the Banquet Hall, State House Abuja by His Excellency Dr. Goodluck Ebele Jonathan (GCFR) Commander-in-Chief of the Armed Forces Federal Republic of Nigeria. This company is designed to help home/property owners to refinance their mortgage […]
Mortgage Loans Look to Be Easier to Get in 2014
(TheStreet) — The Mortgage Bankers Association reports that U.S. mortgage applications rose by 2.6% last week, based on data from its weekly mortgage applications survey. While mortgage refinancing applications remained “flat,” according to the MBA, the rising number of 30-year fixed-rate mortgage applications is a positive signal for the housing […]
