Mortgage applications for refinancings and home purchases surged 4.1 percent last week on a seasonally adjusted basis, even as interest rates rose, the Mortgage Bankers […]
Tag: Mortgage Bank
EFCC, company, others in court over Safetowers Estate project
Artistic impression of the disputed Safetower Estate, Lekki, Lagos The mult-billion naira Safetowers Estate located at Ikate, Lekki, Lagos and promoted by Safetowers Mortgage Bank […]
Four states adopt NMRC’s draft mortgage foreclosure law
Babatunde Raji Fashola, Minister of Works, Power and Housing. Hopes of realizing the mortgage-backed housing dream brightened recently, following the adoption of the Nigeria Mortgage […]
Stakeholders urge repeal of FMBN Act
Managing Director, FMBN, Ahmed Dangiwa Stakeholders in mortgage industry have called for the repeal of the existing Act establishing Federal Mortgage Bank of Nigeria (FMBN) […]
Mortgage Applications Teeter as Rates Rise
Loan demand dropped 2.3 percent last week as a slight increase in rates may have spooked potential home buyers and refinancers. The Mortgage Bankers Association […]
Post-Turkey Slump? Loan Demand Drops
The Thanksgiving holiday may have taken a bite out of mortgage applications last week. Mortgage applications dropped 3.1 percent for the week on a seasonally […]
FMBN to aid re-construction of insurgency-ravaged houses
PHOTO: AFP / STRINGER The Federal Mortgage Bank of Nigeria (FMBN) has pledged support to the Borno State government in reconstructing and rehabilitating houses ravaged […]
As Rates Hit Pause, Consumers Rush to Lock In
A slight dip in interest rates last week brought more homeowners and home buyers to the mortgage market. More homeowners were quick to refinance before […]
How to reposition housing sector for economic growth
At the National Built environment conference (NABECON) 2017 organised by Nigerian Institute of Building and Council of Registered Builders of Nigeria (CORBON), a former president, […]
Borrowers More Cautious as Rates Rise
Mortgage rates inched higher last week, prompting more buyers and homeowners to retreat from taking out loans. Total mortgage application volume, which includes refinancing and […]