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N265bn Disbursed Under National Housing Fund – Fed Govt

N265bn Disbursed Under National Housing Fund - Fed Govt         The Federal Mortgage Bank on Wednesday announced that it had so far disbursed N265bn to subscribers under the National Housing Fund. It also announced that subscribers to the fund had increased to 5.1 million, as 570,000 new...

Non-performing mortgage loans rise to N94bn

Mortgage lenders are buckling under the weight of unpaid loans as job losses and inflation near a record high hinder the ability of customers to pay off their debts, Bloomberg has reported. At least 55 per cent of the mortgage industry’s N94bn loans are classified...