MORTGAGE ARRANGEMENT IN DEPRESSED ECONOMY (A CASE STUDY OF MORTGAGE BANK OF NIGERIA )

ABSTRACT  This research project is a very crucial study of Mortgage Bank of Nigeria. The study was motivated by the necessity to identify the economic depression and mortgage management in Nigeria.  This form of banking system has been in existence since the banking industries is concern based on given loan and advances. To sources research problem secondary data were collected.  The research instruments used in collecting the data were through textbook libraries professional and trade organizations and internet services. Data analysis and interpretation gave the following findings: 1.Most of the respondents requires interest rate structure.  2.Most of the respondents companied about rate of payment  3.Loan disbursement/ approval  4.It was also discovered loan rescheduling/foreclosure. Based on the findings we recommend that  1.Government should provide adequate funding. 2.Government and central bank should create secondary/ intermediary mortgage institution  3.The central bank should review the interest rate structure. 4.There should be a review of payment terms The conclusion of the study is that depression in economy is the problem of mortgage banks in Nigeria.  But if the recommendations will be considered and improved the hidden large potential for the development of mortgage bank in Nigeria will be achieved.   TABLE OF CONTENT  Cover page Title page Approval page Dedication  Acknowledgement Abstract  Proposal  Table of contents 
CHAPTER ONE  Introduction Background of the study Statement of the problems  Purpose/objective of the study Significance of the study Limitation of the study Definition of terms
CHAPTER TWO    Review of related literature Types of mortgage and their rights Mortgage institution in Nigeria Conditions precedent to the grant of loans Types of mortgage arrangement References 
CHAPTER THREE  Research design and methodology Sources of data Location of data Method of data collection 
CHAPTER FOUR  Finding 
CHAPTER FIVE  Recommendation and conclusion