Description
ABSTRACT
This research work is believed is another contribution to Mortgage Banking literature which will be very useful particularly to future researchers on this topic and those already engaged in the banking industry.
The idea behind this project research work entitled Mortgage banking and contribution to Housing Development in Nigeria is inherent from the crucial and very important nature of housing to every right thinking human being.
Professor Abraham Maslow in his “hierarchy of needs”- a most widely accepted description of human needs of the general population classified food, shelter and clothing as the basic needs of every man. Every human being is born landlord; therefore house ownership is a birthright that must be enjoyed bye very man.
The contributions of mortgage banking to the development of housing in Nigeria cannot be overwhelmed. The federal mortgage bank of Nigeria (FMBN) the primary mortgage Institution (PMLs) and other institutional bodies involved in housing delivery have performed numerous functions in the general effort to provide affordable residential houses for the Nigeria population.
However, a remarkable bottleneck facing the Nigerian housing finance sub-sector is the delay by the apex mortgage institution to disburse the National housing fund loan through the primary Mortgage Institution for on-lending mortgagers. To increase the available housing stock, the apex Bank (FMBN) should ensure the constant supply of loans to Nigerians for the purpose of buying building or improvement of residential houses.
The research study therefore is going to show the actual contributions of mortgage banking to housing development in Nigeria. It will equally show the problems faced by the (PMLS) in their housing finance and delivery effort. In trying to state the problems and prospects the researcher utilized both primary and secondary data. The work is structured in time five distinct chapters and written in simple language to enable readers secure a true picture of the information transmitted.
TABLE OF CONTENTS
ii Title page
iii Approval page
iv Acknowledgement
v Dedication
vi Abstract
viii Table of contents
CHAPTER ONE
Introduction
1.1 Background of study
1.2 Statement of the problem
1.3 Purpose/objective of the study
1.4 Research questions
1.5 Research hypothesis
1.6 Significance of the study
1.7 Definitions of terms
CHAPTER TWO
Review of related literature
2.1 Mortgage banking in the colonial period
2.2 Mortgage banking during the post independence period
2.3 Institutional frame work for housing delivery
2.4 Housing finance in Nigeria
2.5 The present institution of mortgage banking in Nigeria
2.6 Structure of the Nigeria mortgage market.
2.7 Building materials and construction costs
2.8 Low income Housing
2.9 Land use Act and mortgage banking Lending
2.10 Salient points in mortgage lending
2.11 Hindrance to the contributions of mortgage banking in Housing Development in Nigeria
2.12 Prospects mortgage Banking in the
Development of housing in Nigeria
CHAPTER THREE
Research Design and methodology
3.1 Population
3.2 Population of study
3.3 Sources of data
3.4 Primary source of data
3.5 Secondary source of data
3.6 Method of Data collection
3.7 Sample and sampling Techniques
3.8 Method of Data analysis
CHAPTER FOUR
Data presentation and analysis
CHAPTER FIVE
Findings recommendations and conclusion
5.1 Discussion of findings
5.2 Recommendations
5.3 Conclusion
5.4 Suggestions for the further researcher
5.5 Limitations of the study
Reference
Appendix