This course introduces students to the concept and meaning of mortgage banking; evolution of mortgage banking in Nigeria; recent developments in the Nigerian mortgage industry; mortgage products and services in Nigeria: the primary and secondary segments of the mortgage market: the mortgage documents; the mortgage repayment plans, borrower qualification; property analysis; micro-credit market (i.e. traditional and informal financial markets including families/friends/neighbors, self-help savings groups, cooperative societies, professional money lenders, land owners/retailers.

Level of Study: 400 Level