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Nigerian president: 200,000 affordable mortgages

Nigerian President Goodluck Jonathan says his government will create more than 200,000 affordable mortgages over five years and introduce rent-to-own options for low-income housing to address a massive shortage in… Read more »

U.S. mortgage applications fall as refinance hits five-year low: MBA

Applications for U.S. home mortgages fell for a second week and hit a 13-year low as mortgage rates rose due to a bond market sell-off following the Federal Reserve’s decision… Read more »

Mortgage Refinance Company Now for Launch in Q1

The proposed Mortgage Refinance Company (MRC) being promoted by the Federal Government to address the acute housing problem in the country, is billed for launch in the first quarter of… Read more »

Mortgage Refinance Company Now for Launch in Q1

The proposed Mortgage Refinance Company (MRC) being promoted by the Federal Government to address the acute housing problem in the country, is billed for launch in the first quarter of… Read more »

Bank of America’s Merrill to pay $132 million in SEC case over mortgages

Bank of America Corp (BAC.N) has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it… Read more »

45 mortgage banks may not survive recapitalisation- MBAN

Indications have emerged that only 25 Primary Mortgage Institutions out of over 70 firms may survive the April recapitalisation deadline set by the Central Bank of Nigeria for the mortgage… Read more »

UK home prices unexpectedly rose in December

ByAgency Reporter Monday, 3 Jan 2011 LONDON: United Kingdom house prices unexpectedly posted their first gain in seven months in December as values rebounded from declines, a report by Nationwide… Read more »

Crisis looms in Afribank as defunct Agents threaten class action over allowance

Savings Agents recruited by Afribank Nigeria Plc (Afribank) under the auspices of A-Save Forum has threatened class action against the Bank over unpaid allowances. The Agents who were recruited by… Read more »

 

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