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Tag Archives: mortgages

Operatives urge regulatory measures to stimulate mortgage sub-sector

mortgage sub-sector

  Regulatory measures to stimulate mortgage sub-sector . Mortgage operators have appealed for regulatory-induced fiscal and monetary measures that would stimulate the sub-sector towards sustainable development. They also implored the Central Bank of Nigeria (CBN) to fast-track implementation of the Mortgage Interest Draw-Back Programme (MIDP), together with other policy measures that would moderate the cost of funds to single digit, ...

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FG waives 10% payment on housing mortgages below N5m


  ABUJA— As a demonstration of its commitment to provide affordable housing to Nigerians, especially the low income earners, the Federal Government has approved 10 percent waiver on housing mortgages below N5million for Nigerians. Minister of State for Power, Works and Housing, Mr Mustapha Baba Shehuri, announced this during the commissioning of a 125-unit housing estate being financed by the ...

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What To Do If You Were Counting On The Mortgage Premium Cut

About that FHA mortgage interest premium (MIP) reduction we wrote about earlier this month…well, never mind. The cut that would have “lowered premiums to 0.60 percent, saving FHA-insured borrowers with a closing date on or after Jan. 27, 2017 an average $500 this year,” said RIS Media, is dead. The official word from the Trump administration is “suspended indefinitely,” but ...

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