INTRODUCTION
The problem of housing has been every day discussion in all quieter of the public and private services of the developing countries of Africa. It has become increasingly glaring that most of the urban population live in dehumanizing housing environment while those that have access to average do so at abnormal cost. According to Onibokun (1986), Nubir (1991) rent in major cities of Nigeria 60% of an average workers disposable income. This is for higher than 20-30% recommended by United Nations. Ekeweme (1979) lyagba etal (1998) explain that the rate of demand for new housing awas in part predicated on the rate of formation of new houses and in part on the rate of replacement of old housing stock. With estimated population of 110 million as quoted in 1991 census report, Nigeria need to produce 720,000 housing units per annul based to the building industry.
CHAPTER ONE
INTRODUCTION
1.1BACKGROUND OF THE ESSAY
1.2STATEMENT OF THE PROBLEMS
1.3OBJECTIVES OF THE ESSAY
1.4SIGNIFICANCE OF THE ESSAY
1.5SCOPE AND LIMITATION OF THE ESSAY
1.6DEFINITION OF TERMS
CHAPTER TWO
LITERATURE REVIEW
2.1INTRODUCTION
2.2THEORETICAL FRAME WORK
2.3MORTGAGE BANKING IN NIGERIA
2.4MORTGAGE LOANS
2.5FUNCTION OF MORTGAGE INSTITUTIONS
2.6OPERATIONAL POLICIES
2.7COMMERCIAL LOANS
2.8ROLE OF OTHER FINANCE INSTITUTION IN HOUSING DEVELOPMENT
2.9PROBLEMS OF FINANCIAL HOUSING
CHAPTER THREE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
3.1SUMMARY
3.2RECOMMENDATIONS
3.3CONCLUSION
BIOGRAPHY
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