Differences Between Legal Mortgage and Equitable Mortgage: Mortgage is a complex contractual arrangement.
It is seen as a complex arrangement by its very nature and characteristics. Mortgage can be defined as an arrangement which involves the conveyance of the...
Introduction
The purport of this article is best introduced with a practical analogy.Let us imagine a country where 80% of Debtors (Mortgagors) do not repay money loaned to them by financial institutions (Mortgagees) and where the civil court's proceedings are...
Operators in the built environment have stated that the recapitalization of the Federal Mortgage Bank of Nigeria was long overdue.
The Executive Secretary of the Association of Housing Corporations of Nigeria, Toye Eniola, said in an exclusive interview that the...
The City of Raleigh’s Housing & Neighborhoods Department has announced the availability of funds under the City’s Rental Development Program for qualified developers to submit proposals for the new construction, acquisition, and/or rehabilitation of affordable multifamily rental units. Funds...
The Nigerian real estate sector has reportedly recorded some setbacks in the year 2023 no thanks to the high inflation and the ensuing high input cost. This outcome conflicts with experts' predictions that 2023 would see sustained growth in...
US President Joe Biden and his economic team, concerned that elevated mortgage rates and housing costs are hurting Americans and hindering his re-election bid, are searching for new ways to make housing more available and affordable.
Biden’s forthcoming budget request...
President Muhammadu Buhari has approved the reconstitution of the board of the Federal Mortgage Bank of Nigeria (FMBN) with the appointment of a new Managing Director and Executive Directors. Hamman Madu was appointed as Managing Director of the Federal Mortgage...
The issues of accommodation deficit and challenges confronting the Nigeria’s housing sector were again brought to the fore during the annual African International Housing Show last weekend in Abuja, with all stakeholders suggesting new alternatives to providing more shelter...
To address the severe housing crisis in Nigeria and inadequacy of budgetary allocations, the Federal Government has entered into partnership with a consortium of private developers for the delivery of 100,000 housing units in 36 states and Federal Capital...
The fact that the Nigerian housing sector is currently hobbled by a plethora of challenges is no longer a matter of debate. With a weak legal and regulatory framework, high costs of land and building materials, high inflation, a...
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