AHCN workshop on mortgage creation

Culled from Guardian Newspaper

IN its renewed efforts to provide viable solutions to the myriad problems of mortgage system to stimulate and enhance adequate capital into the system, the Association of Housing Corporations of Nigeria, (AHCN) has concluded arrangement to hold a two-day national workshop on effective mortgage creation and origination as panacea for affordable housing in Nigeria.

The event, which will take place at the Gateway Hotel, Ota from tomorrow, will provide a forum for careful consideration of the mortgage market and structures with a view to come out with viable solutions that would fashion out appropriate policies and programmes that would enhance the development of mortgage creation and origination for effective housing development.

The theme of the two-day workshop is “Developing appropriate mortgage tools for a vibrant mortgage market and affordable housing” and participants would be drawn from mortgage sectors, commercial banks, capital market, federal ministries of Finance, Housing and Urban Development, state house of assemblies and the entire housing sector of the economy.

The workshop among others will dwell on challenges, growth and opportunities in mortgage creation and origination, mortgage financing and asset/liability mismatch, as well as the challenges of mortgage repayment and housing affordability with a view to solving the riddles of mortgage loans affordability questions.

The workshop will also examine the roles of capital market in expanding mortgage creation and origination, as well as the role of FMBN in the emerging market.

The resource persons at the workshop include the Deputy Governor of the Central Bank, Mr. Tunde Lemo; Managing Director of the FMBN, Mr. Moses Atagher; Managing Director of the UBA Plc, Mr. Tony Elumelu; Honourable Commissioner for Economic Empowerment, Mr. C.O. Okereke; Executive Chairman, Federal Housing Authority, Brig. Gen. Tunde Reis; Managing Director of UBA Global Market, Sonnie Ayere, and the Managing Director, First Call Group, Mr. Ochuko Akposibruke, among others.

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1 Comment

  1. Since we’re on AHCN workshop on mortgage creation | BuildingContractorSecrets.com, Many lenders will require at least a 15% deposit, while others will ask for more. However for first time buyers there are a few banks and building societies that will accept a 5% deposit.

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