13 States To Reform Mortgage Law

13 States To Reform Mortgage Law

Following calls for the government to simplify the process of homeownership, more states are taking steps to reform mortgage and land administration, To make access to land, housing and mortgage less cumbersome for their indigenes, about 13 states are expected to adopt the Model Mortgage and Foreclosure Law between now and the first quarter of 2019. The MMFL is an initiative of the Nigerian Mortgage Refinance Company which calls for the creation of a state mortgage board as a single window clearance mechanism to facilitate accessible and affordable mortgages for…

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