BANK’S CREDIT ADMINISTRATION IN MORTGAGE INSTITUTION IN NIGERIA

This research study examined Bank’s credit administration in a mortgage institution in Nigeria; Using Mutual Alliance Mortgage Bank Limited Uyo as a case study. To successfully achieve the objective of sampling technique to select a sample size of 30 respondents. The instruments for data collection was a self constructed questionnaire, data analysis revealed that the roles of mortgage institution in the development of housing sector are: To provide mortgage loan to the borrowers that are qualified for it, enabling individuals and corporate institutions to develop houses in large quantity and then sell to the public thereby providing shelter for the people. The study also revealed that the effect of banks credit administration in Mutual Alliance Mortgage Bank Limited to include; high interest rate on loans given and difficulty in getting credits or loans due to conditions or requirement of mortgage institution, also the problems of credit administration in Nigeria mortgage institutions includes; low interest rate levels stipulated by National housing fund(NHF) Non-vibrancy of primary mortgage institutions (PMIs) etc. finally, the possible solutions to the problems of credit administration were identified to include taking the financing of National housing programmes as national responsibility, private sector should be encourage to provide actual investment funds for middle income and upper income groups. Useful recommendations are also offered such as reducing of high interest rate on loans.