Nigeria: NMRC develops underwriting standards for the informal sector

The Nigeria Mortgage Refinance Company (NMRC) has recently developed Uniform Mortgage Underwriting Standards for the Informal Sector which set out the terms under which a mortgage loan underwritten by a member mortgage lending institution for the informal sector will be eligible for refinancing by the NMRC.

Published in January 2018, the Standards have been developed in partnership with the Central Bank of Nigeria, Federal Mortgage Bank of Nigeria, Nigeria Deposit Insurance Corporation, and MBAN, and will be launched at the Abuja International Housing Show in July 2018.

Further information can be found here.