In Nigeria, mortgage banking has grown in recent years due to the growing demand for affordable housing. Despite the potential benefits, mortgage banking in Nigeria faces various challenges that ...
What exactly is the Mortgage System?Well, simply put, a mortgage is a loan that you take out to buy a house or other property. You borrow money from a bank or other lender, and then you pay it back ov...
Buying a House with Cash vs. Mortgage: When buying a home or investing in a home, you are faced with the important decision of financing the purchase. Many buyers opt for a mortgage, but there is also...
The idea of paying down your home mortgage balance faster is not new, however, it can be a very good investment strategy and you will be getting to see how that that works in thi...
Part of the US government moves to sustain the economy also includes providing homeowners with mortgage relief which would help owners who will not be able to pay their mortgage within the next few mo...
Mortgage rate declined for a second consecutive week on Friday, marking the biggest drop since December 2008. According to Freddie Mac, for nearly 3 decades the fixed-rate mortgage averaged 5...
Abbey Mortgage Bank Plc has announced that it's worried about the high non-performing loans in the mortgage industry.This announcement was revealed by Mobolaji Adewunmi, the Director of the Bank, on T...
Mr. Adekunle Adewole has resigned as the Managing Director of LivingTrust Mortgage Bank.His resignation was announced in a corporate notice that was filed with the Nigerian Exchange Limited, where the...
The demand for loans, particularly refinances, is being impacted by a dramatic spike in mortgage interest rates.According to the Mortgage Bankers Association's seasonally adjusted index, total mortgag...
A mortgage-backed security or MBS is an asset that is secured by a group of mortgages. This process is made possible through securitization. Mortgage-backed securities are split in...