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Mortgage and Finance articles

Nigeria Central Bank Gives Guidelines For Mortgage Refinance Companies

Added on 13th Mar 2014 ⋅ Posted in - Mortgage and Finance
The Central Bank of Nigeria has released a regulatory and supervisory framework for the operations of a Mortgage Refinance Company (MRC). A Mortgage Refinance Company, according to the regulatory body, is a financial institution established to provide short-term liquidity and/or medium- to long-term funding or guarantees to mortgage loan originato... » Full story

How to get into a successful real estate Joint Venture

Added on 12th Mar 2014 ⋅ Posted in - Mortgage and Finance
Recently two multinationals announced they intend to launch a Real Estate joint venture. The companies, Prudent Financial Inc. of the United States and China???s Fosun Group said they were entering into a partnership aimed at expanding both companies and investing in development projects in urban centers in China. Closer to home is the recently... » Full story

IPC Homes to provide housing solutions by 2020

Added on 10th Mar 2014 ⋅ Posted in - Mortgage and Finance
IPC Homes Limited, an indigenous real estate firm, has announced its preparedness to provide 50,000 housing solutions by 2020. According to the firm, the target is to provide real estate investment solutions for all social classes in Nigeria, adding that this would be achieved through the provision of an instalment payment structure that gives i... » Full story

Ogun state government unveils Homeowners??? Charter

Added on 10th Mar 2014 ⋅ Posted in - Mortgage and Finance
The Ogun State Government says it has concluded plans to prepare and issue 1,500 Certificates of Occupancy in one month under the Homeowners??? Charter and that a website that will provide comprehensive information and procedures on land matters will soon be introduced. The website will also have information on industrial, agricultural and resid... » Full story

ASO Savings & Loans plc emerge as a National Mortgage Bank

Added on 7th Mar 2014 ⋅ Posted in - Mortgage and Finance
Following the recapitalization of the Mortgage Banks, ASO Savings and Loans is now a national mortgage bank with plans to build up their mortgage loan portfolio and aggressively expand to all states of the federation. ???With our successful recapitalisation, meeting the CBN???s N5 Billion minimum requirement for PMIs, ASO is reinvigorating its... » Full story

Official Speech of Governor Babatunde Fashola at the launch of Lagos H.O.M.S

Added on 17th Feb 2014 ⋅ Posted in - Mortgage and Finance
BEING SPEECH BY HIS EXCELLENCY, THE GOVERNOR OF LAGOS STATE, MR. BABATUNDE RAJI FASHOLA, SAN ON THE OCCASION OF THE LAUNCH OF THE LAGOS STATE HOME OWNERSHIP MORTGAGE SCHEME ON MONDAY, FEBRUARY 3, 2014 I welcome you all our distinguished guests to this occasion very warmly and with a lot of pride. I am proud because this occasion affords me th... » Full story

Operatives optimistic on robust mortgage finance industry

Added on 2nd Dec 2013 ⋅ Posted in - Mortgage and Finance
OPERATIVES within the Nigerian???s mortgage industry are seeing a new ray of hope as the Federal Government is finalizing arrangements towards the take off of its newly established Mortgage Refinancing Corporation (MRC). Hence, they have called on the government to ensure that the Corporation comes on board, as soon as possible. They met at the ... » Full story

40% buyer-interest in Ambassador Heights resonates Nigerians??? investment appetite

Added on 21st Nov 2013 ⋅ Posted in - Mortgage and Finance
The marketing campaign launched about five months ago by Movenpick Ambassador Hotel to woo home buyers to its new Ambassador Heights Accra has seen unparalleled demand for the 18 city homes in the estate fondly described as ???luxury personified???, with Nigerians securing 40 percent buyer-interest in the 21st century development sited in Ghana???s... » Full story

???The best place to get the highest property yield is Nigeria???

Added on 21st Nov 2013 ⋅ Posted in - Mortgage and Finance
Commercial property broking is, perhaps, an albatross in an otherwise flourishing Nigerian real estate market. However, when the chips are down, it is quite easy to separate the men from the boys and, among the men, Broll Property Services???a multi-national company???stands tall. In this interview, OLUFEMI OYINSAN, the company???s Head, Commercial... » Full story

WHD: Lagos urges stakeholders??? to buy into urban mobility projects

Added on 14th Oct 2013 ⋅ Posted in - Mortgage and Finance
AMID growing urban settlement challenges, Lagos authorities have urged stakeholders to partner with the state government on projects that will lead to effective urban mobility in the metropolis. The call is coming on the heels of efforts by the United Nations system in Nigeria, under the guidance of the Un-Habitat Programme Office (HAPSO) to pre... » Full story
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