Gift letters are something you should be aware of if you’re going to give or receive a significant financial gift since lenders will check your financial accounts when you apply for a loan as part of the underwriting process...
A 56 percent increase in earnings for 2022 has been declared by LivingTrust Mortgage Bank Plc in its report for the last quarter of the year. The report showed that the mortgage bank earned a gross profit of N2.539 billion...
DUSTRY’S experts have called on the incoming government to give development of mortgage sector a priority. According to them, government’s political will is extremely needed in the sector now than before, citing the example of the US’ President Biden, who...
The Federal Mortgage Bank of Nigeria, FMBN, has just announced a game-changing increase in the National Housing Fund mortgage loan limit from N15m to N50m per applicant. The decision, which was revealed by the Chairman of the Board of Directors,...
Amidst the pressing need to bridge the gap in housing affordability, experts and stakeholders are strongly advocating for a comprehensive overhaul of the country's mortgage system. This call to action emerged during a recent interactive media session organized by...
Babatunde Fashola, former Minister of Works and Housing, has thrown his weight behind the adoption of the rent-to-own scheme and also urged relevant stakeholders and government to take necessary steps to improve the scheme in order to boost efforts...
There’s a housing affordability crisis, not only in Payson but throughout the US. One of the reasons — increased labor and material costs. The cost increase has developed over time. According to research, by 2020 the per square foot cost to...
Peniel Investment and Development LLC, a prominent real estate investment firm headquartered in the United States, has highlighted that Nigeria is presently facing an immense housing shortage of 28 million units, necessitating a substantial N21 trillion investment to address...
The December 2023 Consumer Price Index (CPI) rose slightly from the previous month, according to the latest figures from the U.S. Bureau of Labor Statistics, released January 11. The all-items index increased 3.4 percent over the past year before...
…Move Product Launch Date Forward
Efforts are intensely underway for the launch of the Diaspora Mortgage Loan Product of the Federal Mortgage Bank of Nigeria and the Nigerians in Diaspora Commission (NiDCOM), with six continents already contacted and ready...
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