Ongoing efforts to transform the Federal Mortgage Bank of Nigeria (FMBN) received a big boost with President Muhammadu Buhari’s appointment of Mr. Ayodeji Ariyo Gbeleyi as the bank’s Chairman, Board of Directors and his inauguration by the Minister of...
The Federal Mortgage Bank of Nigeria (FMBN), has said that it cannot be funding houses that Nigerians cannot afford and developers should come up with a system of building cheaper houses for low income earners. Group head, Cooperate Communications, FMBN,...
FMBN-NLC/TUC/NECA Collaborative Housing Estate, a 100 units affordable housing development was recently commissioned at Ilara-Moki in Akure, Ondo State. The development is a result of a collaboration between the Federal Mortgage Bank of Nigeria (FMBN) and the Nigeria Labor Congress...
Despite economic headwinds and challenges with obtaining building permits, experts predict that the demand for housing will remain strong, and the market will see a steady increase in property values this year. There are also opportunities available for high-quality properties...
This marks a 135.5% growth as compared to EGP 3.08 billion in the six-month period of 2021 The volume of mortgage finance provided by companies in Egypt amounted to around EGP 7.27 billion in the first half (H1) of 2022,...
According to a report released on Tuesday by Mortgage Advice Bureau (Holdings) PLC, revenue will climb by 22% in 2022, and adjusted pretax profit would likely meet forecasts. Despite the detrimental effects of September’s brief U.K. government “mini budget” on...
The head of Canada’s main banking-industry regulator said his agency won’t bow to pressure to loosen mortgage-underwriting standards in response to rising interest rates that are boosting homebuying costs. Peter Routledge, superintendent of the Office of the Superintendent of Financial...
The relationship between homeowners and the developers of Renaissance Estate has soured as the sale and purchase deal has encountered difficulties. Renaissance Estate, located at Plot 96, Bimkol Close, GRA Phase 3, Port Harcourt, Rivers State, was developed by First...
Federal workers across the South-West zone in Nigeria on Wednesday unanimously called for review of the National Housing Fund (NHF) due to the alleged cumbersome processes of obtaining housing loans from the scheme. They told the News Agency of Nigeria...
A legal mortgage is a type of mortgage that involves the transfer of an interest in land as security for a debt. In Nigeria, legal mortgages are regulated by the Land Use Act of 1978 and the various state...
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