The Managing Director of Abbey Mortgage Bank Plc, Mr. Madu Hamman, speaks on the bank’s journey in the past 30 years and the challenges confronting the mortgage and real estate sectors in Nigeria. Mortgage banking appears not to be gaining...
The non-interest rent covers both FMBN and non-FMBN funded properties with a maximum price of N15 million.
The Federal Mortgage Bank of Nigeria (FMBN) has provided more details about its rent-to-own mortgage housing that will attract no interest. As against the previous seven...
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...
By the Editors of Multi-Housing News Multifamily financing activity recovered nicely in 2021. You can also read our other Top Mortgage Banks rankings. Rank
Company Name
Multifamily Origination Volume* ($MM)
Total Origination Volume* ($MM)
Licensed GSE Affiliate 1
CBRE
$58,965.8
$67,900.0
x 2
Walker & Dunlop
$35,676.7
$42,472.3
x 3
Berkadia
$30,881.3
$34,350.7
x 4
PGIM Real Estate
$12,423.8
$23,891.8
x 5
Arbor Realty Trust
$13,426.0
$13,700.0
x 6
Greystone
$12,450.0
$16,600.0
x 7
KeyBank Real Estate Capital $19,964.1
x 8
Bellwether Enterprise
$6,520.2
$10,567.6
x 9
Cushman &...
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...
Housing Development Advocacy Network, (HDAN)has called on the Federal Government to explain why the Central Bank of Nigeria’s approved N200billion loan for low cost housing was yet to be released three years after. HDAN’s executive director, Festus Adebayo posited that...
Abbey Mortgage Bank has been honoured with the ‘Innovative Mortgage Bank of the Year 2021’ award by the African Housing Awards. A statement said this was in recognition of the company’s innovative contributions to the growth and development of the...
Abbey Mortgage Bank Plc has released its unaudited for the period ended December 31st, reporting a pre-tax profit of N830.43 million. This represents a 26% increase from the N661.06 million which the company reported during the same period in 2021. Key...
Contributors to the National Housing Fund (NHF) Scheme in Northwest have demanded the easing of conditions for securing housing loan under the Scheme. News Agency of Nigeria (NAN) reports that the NHF Scheme was introduced by the Federal Government to...
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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