Mortgages: The Search For Enduring Solution
Article by Musa Aliyu
Since the recession began last year there is hardly any aspect of the economy that has not been hit hard.
But the mortgage industry has had an exceptionally tough time. While mortgage products have either disappeared or had their prices raised intermittently, the number of home loan or mortgage applications succeeding has serious plummeted.
At the early stage of the financial crisis, last year, the Government was advised to take a very urgent step to tame it. And in April 2008 there was the injection of liquidity worth