Our Business
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What We Do
Our key role is mortgage refinance which we do by raising funds from the capital markets for the mortgage industry in Nigeria
NMRC’s core function is to leverage funding for enhanced mortgage access, promote affordable home ownership in Nigeria and unlock its multiplier effects on the Nigerian economy. It aims to achieve this primarily by refinancing the mortgage portfolios of member primary mortgage lending and commercial banks. The Nigeria Mortgage Refinance Company is a mortgage liquidity facility with that collaborates with key stakeholders along the housing value chain such as federal and state governments, developers, professional bodies and multilateral institutions to achieve its core business objectives.
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Our Business
MARKET DEVELOPMENT & ADVOCACY
Advocacy for a Model
Mortgage &
Foreclosure Law (MMFL)
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MORTGAGE REFINANCE & SECURITIES ISSUANCE
Growing Mortgage Bond
Issuance & Refinancing
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Our Business Objectives
To encourage financial institutions to increase their mortgage lending by providing them with long term funding;
To increase the efficiency of mortgage lending by taking a lead role in proposing changes to the enabling environment for mortgage lending as well as by standardizing mortgage lending practices of financial institutions; and
To increase the maturity structure of mortgage loans and assist to reduce mortgage rates.
- Improve Mortgage lending
- Improve Mortgage efficiency
- Improve Maturity Structure