Get In Touch
Facebook-f Twitter Linkedin Instagram Youtube
  • About Us

    Who We Are

    Our objective is to bring Nigerians Affordable Housing.

    Board Members

    Meet Our Board Members

    Ownership Structure

    NMRC has =N=13.19 Billion Tier 1 Capital

  • Our business
    Steps to Access Mortgage
    Read More
    How Mortgage Refinance Works
    Read More
    Previous
    Next
    Our Business
  • Media
    VIEW ALL
    VIEW ALL
    26/07/2021

    14th Abuja International Housing Show

    Organisers: FESADEB Communications
    Location: ICC, Abuja

    View Details
    VIEW ALL
    NMRC Mortgage Digest 15th Edition: January – March 2021
    7 downloads 3 MB
     14 Edition NMRC Newsletter October-December 2020
    17 downloads 11.9 mb
     NMRC Newsletter 13th Edition July-September 2020
    10 downloads 31 MB

    Coming Soon!

  • Investor Relations
  • Resources
  • HOUSING MARKET INSIGHTS
  • Contact

Our objectives is to bring Nigerians Affordable Housing

Quick Links

NMRC Apps – Get our latest thinking on your iPhone, iPad, or Android device.

Market Development & Advocacy

  • Home
  • Market Development & Advocacy

Market development & advocacy

Market development & advocacy

Housing Market Development

A robust, efficient and functional housing market that operates based on global standards is critical to attracting the required investment to catalyze housing development and homeownership.

NMRC, leverages its strategic positioning in the mortgage industry value chain to conceive and drive initiatives that are designed to develop and unlock the potential of the housing market for sustainable growth. 

Model Mortgage Foreclosure Law (MMFL)

To create the enabling environment for mortgage origination and housing investment, NMRC drives an advocacy initiative that is focused on the nation-wide adoption and passage of a draft Model Mortgage and Foreclosure Law by state governments.

The law advocates the creation of state mortgage boards as one-stop-shops for facilitating mortgage administration, property registration and title perfection processes in addition to the instituting of non-judicial foreclosure processes.

The passage of the law incentivizes investment in the housing and mortgage sectors in the state with multiplier effects such as greater home ownership, jobs and wealth creation as well as enhanced Internally Generated Revenues (IGR).

NMRC has executed Memoranda of Understanding with Kogi, Cross River, Kaduna and Delta States to facilitate the passage of the draft Mortgage and Foreclosure Law (MFL) as a legislative Bill by their respective Houses of Assembly.

In July 2017 Kaduna state became the first state in the federation to pass the law.

Lagos state has since updated its own Mortgage and Foreclosure law to reflect the stipulations outlined in NMRC’s Model Mortgage and Foreclosure law.

ESTABLISHMENT OF A STATE MORTGAGE BOARD TO AMONGST OTHERS

  • create a conducive environment for accessible and affordable mortgages
  • advise the Governor on the funding, administration and structure of the State mortgage finance programme or policy for the benefit of the residents of the State;
  • implement and honor on behalf of the State all obligations in any agreement made between the State and other parties with regards to any mortgage scheme for the provision of funds for land ownership or development of real estate in the State;
  • report to the State any default or breach on the part of any of the parties to any obligations or requirements and recommend and seek the approval of the State on ways of remedying such default or breach by a defaulting party;
  • encourage, promote and co-ordinate all forms of research concerned with the mortgage lending industry as it relates to economic well-being of the State and its residents, the stamping and registration system relating to mortgages in the State, the mode of application for Governor’s consent or the consent of the appropriate Local Government Area relating to mortgage transactions, and generally to disseminate same to the State government and the public;
  • encourage and actively promote the use of modern information and communication technology within the State for purposes connected with the implementation of this Law, including digitization of the interface between the Land Registry and the Mortgage Registry, and the processes leading up to the perfection of mortgages.

ESTABLISHMENT OF A STATE MORTGAGE REGISTRY TO AMONGST OTHERS

  • Receive and process applications for consent of the Governor or the appropriate Local Government Area to mortgage transactions;
  • Receive and process applications for the registration and release of mortgages;
  • Keep and maintain a register of mortgages as well as a register of applicants whose mortgages are deemed registered;
  • CREATION OF MORTGAGES
  • JUDICIAL AND NON-JUDICIAL INTERVENTION WITH RESPECT TO MORTGAGES
  • ENFORCEMENT OF MORTGAGES
  • DISPUTE RESOLUTION GUIDELINES
 NMRC Corporate Profile
74 downloads5 MB

F.A.Q

The Nigeria Mortgage Refinance Company(“NMRC”) is a Public Private Partnership arrangement between the Federal Government of Nigeria and private sector. It is a component of the Nigeria Housing Finance Programme initiated by the Federal Ministry of Finance in collaboration with the Central Bank of Nigeria (“CBN”), Federal Ministry of Lands, Housing & Urban Development (“FMLHUD”) and the World Bank/IFC.

The Nigeria Housing Programme seeks to address the key barrier to developing accessible and affordable housing in Nigeria. It is designed to be implemented with parallel funded projects in land registration and construction sectors by the DFID and GIZ (Deutsche Gesellschaft fur Internationale Zusammenarbeit GmbH).
NMRC provides mortgage-lending institutions with access to long-term finance at an affordable interest rate, thereby enabling mortgages to be issued by these institutions to Nigerians, at longer tenors and affordable rates. The provision of mortgage loans at longer tenors will provide the average working Nigerian citizens an opportunity to buy a home and conveniently pay for it.
The World Bank approved a concessional US$300 Million 40-year interest free International Development Association (IDA) loan to facilitate the execution of the Housing Finance Programme. US$250 Million of the IDA loan was disbursed in instalments to NMRC as Tier 2 Capital based on key performance indicators — it will be retained on NMRC’s balance sheet to provide credit support for NMRC’s bond issuances.
Read More

TECHNOLOGY
Mortgage Refinance & Securities Issuance
STANDARDIZATION
Market Development & Advocacy

Request
Call Back

  Click Here  
 Get The Best Deal On Your Mortgage Refinance
107 downloads6 MB
spankbang xxnx porncuze porn porn600 tube300 tube100 watchfreepornsex

Easy steps on how to access mortgage

Learn More

Subscribe & Get

latest industry news and updates

Facebook-f Twitter Linkedin Instagram Youtube
Nigeria Mortgage Refinance Company

Contact Details

Lagos Office

17 Sanusi Fafunwa, Victoria Island, Lagos.
+234 803 048 6270

Quick Links

Resources

Facebook-f Twitter Linkedin Instagram Youtube

© 2019 All Rights Reserved. Nigeria Mortgage Refinance Company. | Web Design

REQUEST CALL BACK

Kindly enter your details below and we will call you back.

Facebook-f Twitter Linkedin

NMRC Apps - Get our latest thinking on your iPhone, iPad, or Android device.

Get In Touch

We Look Forward To Receiving Your Enquiry, And Will Endeavour To Respond As Soon As Possible.

BLOCKCHAIN-POWERED SYSTEM FOR RELIABLE LAND TITLING

NMRC has also tapped blockchain technology’s capacity for tamper-proof record keeping, to build a robust national asset registry system for driving real estate transactions.
Stay Updated

Fill the form with correct details.

WHISTLE BLOWER

Kindly enter the details below and we will be in touch.

This website is using cookies

We use cookies to ensure that we give you the best experience on our website. If you continue using the website, we’ll assume that you are happy to receive all cookies on the NMRC website.

OK