The Nigeria Mortgage Refinance Company (NMRC) was licensed on February 18, 2015 to promote delivery of affordable housing to Nigerians.
Our key role is mortgage refinancing. We do this by raising long-term funds from the capital market to refinance conforming mortgage portfolios of mortgage and commercial banks in Nigeria.
We are committed to keeping the public and stakeholders regularly updated about our strides and the modest progress that we are making in building a modern housing finance for Nigeria in collaboration with other housing stakeholders.
Mr Kehinde Ogundimu
M.D CEO, NMRC
Our Key Role Is Mortgage Refinancing, which we do by Raising Funds from the Capital Market for the Mortgage Industry in Nigeria
Breaking down the barrier of home ownership
To be the dominant housing partner in Nigeria
To remove barriers to home ownership, provide liquidity, affordability, accessibility and stability to the housing market in Nigeria.
F- Fairness | A- Accountability | C- Competence | T- Teamwork | E -Effectiveness | C- Commitment
Phase 1 (Year 1) Preparatory activities to commence operations
Phase 2 (Year 2 – 3) Refinance mortgages with recourse only (mortgages
that comply with set standards)
Phase 3 (Year 4 – 5) Purchase/refinance only mortgages that comply with set standards
Phase 4 (Year 5 onwards) Purchase mortgage loans without recourse