An evaluation of the problem and prospects of mortgage financing in Nigeria - case study of Federal Mortgage of Nigeria Department: Banking and Finance By: Eniolamoses Project ID: 8756 Rating: (5.0) votes: 1Rate this project12345 Price:₦4000 Get the Complete MaterialAbstractThis study evaluates the problems and prospects of mortgage financing in Nigeria, with a focus on the Federal Mortgage Bank of Nigeria (FMBN) in Ilorin, Kwara State. Utilizing a descriptive survey research design, data were collected from 50 respondents, including FMBN staff and mortgage clients, through structured questionnaires and interviews. The analysis, conducted using SPSS version 25, employed descriptive and inferential statistics, including Pearson’s correlation and regression analyses, to examine the impact of mortgage financing on housing development, the relationship between mortgage finance and investment, and the effect of mortgage bank deposits on investment. Findings reveal that mortgage institutions significantly contribute to real estate financing, with 70% of respondents acknowledging their positive impact, though challenges such as high interest rates (22%), stringent collateral requirements, and inadequate funding limit accessibility, particularly for low-income earners. The study confirms strong borrower compliance, with 76% providing required collateral and 70% repaying loans on time. However, mixed perceptions on government and public support (44% agree, 40% disagree) highlight operational inefficiencies and policy inconsistencies. Grounded in urban spatial, investment-based, and financial intermediation theories, the study recommends increased housing sector funding, streamlined loan disbursement processes, and public sensitization to enhance mortgage accessibility and housing delivery in Nigeria....Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effectiveness of monetary policy measures in controlling inflation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)