Category Archives: nmrc Feed Subscription

• NMRC begins operations set January 2015 for first refinancing

  3Invest Media July 14, 2014

  

  In the just concluded stakeholders’ forum on Uniform Underwriting Standards Workshop, held in Lagos, NMRC is preparing to resume full operations in the next few weeks. The seminar was organised in conjunction with International Finance Corporation (IFC) implemented a Uniform Underwriting Standards Workshop with the Primary Lending Institutions (PLIs) and other stakeholders with a view to provide support for the... Read more »

• CALL FOR SUBMISSION OF MEMORANDA ON THE FORMULATION OF A MODEL MORTGAGE AND FORECLOSURE LAW

  3Invest Media May 14, 2014

  

  NIGERIA MORTGAGE REFINANCE COMPANY PLC (NMRC) CALL FOR SUBMISSION OF MEMORANDA ON THE FORMULATION OF A MODEL MORTGAGE AND FORECLOSURE LAW Call for Memorandum In furtherance of its mandate of promoting legislative reforms to improve processes in land administration towards creating an enabling environment for mortgage origination, the Nigeria Mortgage Refinance Company (NMRC) hereby invites the general public to submit... Read more »

• NMRC and Lagos HOMS: A Tale of Two Mortgage Systems

  3Invest Media February 9, 2014

  

  An insight on Nigeria Mortgage Refinance Company and Lagos Home Ownership Scheme If the current tempo continues, 2014 may eventually go down as the year of the mortgage revolution in Nigeria. In January, the Federal Government launched the Nigeria Mortgage Refinance Company (NMRC) while the Lagos State Government last week, kicked started the Lagos State Home Ownership Scheme (Lagos HOMS).... Read more »

• CBN bars NMRC from Real Estate Construction Financing

  3Invest Media February 2, 2014

  

  Exactly 15 days after President Goodluck Jonathan inaugurated the Nigeria Mortgage Re-finance Company Plc in a bid to tackle housing deficit, the Central Bank of Nigeria has barred the company from financing real estate construction and a number of activities. As a financial institution, the MRC will be under the regulation and supervision of the CBN. The CBN, in a 42-page regulatory... Read more »

• Fannie Mae, NMRC, FMBN | Similarities & Difference by 3INVESTONLINE

  3Invest Media January 20, 2014

  

  Mortgage Refinancing is a financial transaction in which a debtor can replace an existing residency debt obligation with another debt obligation under different terms. Residency debt obligation in this context refers to your initial mortgage loan. Some of the major reasons people refinance their mortgages are: To take advantage of a better interest rate. To consolidate other debts into one... Read more »

• Man of the Moment | Mr Sonnie Ayere

  3Invest Media January 20, 2014

  

  Task manger | Nigeria Mortgage Refinance Company PLC Institution: Group Managing Director / CEO Dunn Loren Merrifield Sonnie Ayere has over 20 years of in-depth corporate and structured finance, corporate banking and asset management experience working with the following institutions in London – HSBC London, NatWest Bank, The Sumitomo Mitsui Bank, Bank of Montreal – Nesbitt Burns; the International Finance... Read more »

• Now that we got #NMRC, what are we going to do with it? 10 things to know by 3INVESTONLINE

  3Invest Media January 18, 2014

  

  Before we click glasses in toast to affordable housing and a Fannie Mae-styled mortgage sector, I think Nigeria’s Minister of Finance and coordinating Minister of the economy, Dr. Ngozi Okonjo-Iweala deserves a special mention. She’s such an incurable optimist who exudes a contagious confidence in the plausibility of a healthy mortgage sector; and what it means to the economy. As... Read more »

• The Nigerian Sovereign Fund to invest in NMRC

  3Invest Media January 18, 2014

  

  The Nigeria Infrastructure Fund, one of the sovereign funds under the Nigeria Sovereign Investment Authority (NSIA) has received board approval to invest 1.6 Billion NGN (US$9.92 Million) in Nigeria Mortgage Refinance Company PLC (NMRC). Uche Orji, the Managing Director and CEO of the NSIA, will join the board of the NMRC. In a press release, Uche Orji states, “Our Investment... Read more »

• THE OFFICIAL PRESS STATEMENT OF DR NGOZI OKONJO-IWEALA AT THE NMRC LAUNCH

  3Invest Media January 18, 2014

  

  NMRC was officially launched by His Excellence Dr, Goodluck Ebele Jonathan on January 16th, 2014 in Abuja. Thank you very much your Excellency Mr. President; your Excellency, Mr. Vice President; Excellency Executive Governors and deputy Governors, members of the National Assembly, members of the Federal Executive Council, general partners, members of the diplomatic corps, members of the professions that relate... Read more »

• NMRC LAUNCH DEFERRED

  3Invest Media December 20, 2013

  

  The launch of the Nigeria Mortgage Refinance Company (NMRC), which was due for Thursday 12 December, 2013, was deferred because of the unavoidable absence of the President. President Goodluck Ebele Jonathan (GCFR) joined other world leaders to pay tribute to the former President ofSouth Africa, Nelson Mandela. 3INVESTONLINE is working closely with the organisers and promises to update of the... Read more »