“The third layer, which comprises the mortgage funders, is like the market itself. The market funds it. They can just go to the market and raise bonds. They have different ways of raising funds. The thing is that our system is different. Here, what the mortgage broker and servicer do is what the mortgage banks do.“
“The NMRC was created as a liquidity vehicle. They are the ones who go to the market to issue bonds and the primary mortgage banks can then request liquidity from them but the situation is still different from what obtains overseas in the sense that for primary mortgage bank to request liquidity from the NMRC, they need to give them block of perfectable mortgages. They must have created those mortgages for a minimum of six months. Banks cannot also get as much funds as they are looking for.
He further criticised the systemic corruption in the country’s private and public sectors, noting that it had made the process of obtaining a mortgage, particularly the government-funded mortgage schemes, very difficult.
Is alright
Absolutely truth
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fruits, vegetables, other high-fibre diets may reduce risk of appendicitis – Surgeon - Punch NewspapersThe most widely read newspaper in Nigeria Make we no chop again then
Source: MobilePunch - 🏆 8. / 63 Read more »
Understanding the high cost of elections | The Guardian Nigeria News - Nigeria and World NewsIt is inevitable that the cost of conducting the 2023 General Elections, put at N305 billion, will elicit deep concern by the media and civil society. Somebody is about to get more richer Bitcoin Dey. WE GO RUN AM
Source: GuardianNigeria - 🏆 1. / 94 Read more »
AFCON: Dare lauds Nigerian high commission in Cameroon over support for Eagles | TheCableSunday Dare, minister of sports, has commended the Nigerian high commission in Cameroon over its support for the Super Eagles at the ongoing NigeriaFMYS NGSuperEagles He is only doing his job
Source: thecableng - 🏆 2. / 80 Read more »
Federal High Court grants Nnamdi Kanu 3 days to battle fresh bail, terrorism chargesThe federal high court in Abuja has granted the self-acclaimed leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu three days to All hail Biafra Free our leader
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Chukwueze, Awoniyi, Simon score as Eagles reach AFCON last 16 - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
AFCON: Why Nigeria won't under-rate Guinea Bissau -Eguavoen - Punch NewspapersAFCON: Why Nigeria won't under-rate Guinea Bissau -Eguavoen I am loving this coach already, those Guinea Bissau guys are something else ashwear Wise thinking We go again super eagles
Source: MobilePunch - 🏆 8. / 63 Read more »