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Morgan Stanley Reaches $1.25 Billion Mortgage Settlement

Morgan Stanley has agreed to pay $1.25 billion to the Federal Housing Finance Agency to resolve claims that it sold shoddy mortgage securities to Fannie Mae and Freddie Mac. In… Read more »

London shows signs of house price ‘bubble’, experts warn

Income multiples at pre-crisis levels in the capital and rising, warns EY Item Club The Bank of England must be “prepared to take action” on housing market controls amid fears… Read more »

CBN Unveils N5.0 billion Minimum Capital for Mortgage Refinance Company

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday unveiled a minimum capital requirement of N5.0 billion for the Mortgage Refinance Company (MRC). The CBN iin its… Read more »

Nigeria puts $300 million World Bank cash into mortgage agency

Nigeria has put $300 million worth of World Bank aid money into a mortgage-backed guarantee that it hopes will boost lending via the creation of a secondary market, the finance… Read more »

President Jonathan to formally launch the Nigerian Mortgage Refinance Corporation Today

The Nigeria Mortgage Refinance Company Plc (NMRC) will be officially launched tomorrow (Thursday 16th January 2014)  at the Banquet Hall, State House Abuja by His Excellency Dr. Goodluck Ebele Jonathan (GCFR) Commander-in-Chief… Read more »

Mortgage Loans Look to Be Easier to Get in 2014

(TheStreet) — The Mortgage Bankers Association reports that U.S. mortgage applications rose by 2.6% last week, based on data from its weekly mortgage applications survey. While mortgage refinancing applications remained… Read more »

New FG Mortgage Company to Take Off Next Week

Nigeria Mortgage Refinance Company (NMRC) aimed to revive the housing sector will take off next week, according to a report of finance ministry. A report released by the Ministry of… Read more »

Mortgage refinances bounce back as rates settle

A sharp surge in interest rates caused mortgage refinances to plummet two weeks ago, but they are now finding their footing again. Applications to refinance rose 5 percent last week… Read more »

Mortgage refinances bounce back as rates settle

A sharp surge in interest rates caused mortgage refinances to plummet two weeks ago, but they are now finding their footing again. Applications to refinance rose 5 percent last week… Read more »

UK mortgage approvals hit new five-year high, business lending slumps

British lenders approved the highest number of mortgages in more than five years in November but business lending slumped, Bank of England data showed on Friday, raising doubts about the… Read more »

 

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