出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：There has been a growing concern on the rate of default in residential mortgages of lending institutions in Nigeria. The need to salvage the undesirable situation has led to serious research efforts on factors causing default in residential mortgages. The paper therefore assesses the lending practice of lending institutions as possible cause of residential mortgage default. One (1) set of questionnaire was administered on Primary Mortgage Institutions (PMIs) across the Lagos metropolis with the intent of eliciting relevant information. Out of Sixty-five (65) questionnaires administered, only Thirty-six (36) were returned and found good for analysis. Data analysis was done using weighted mean score and rank correlation analysis. It was found that statistical based credit models are seldom used by the lenders while the evolving role of information technology in mortgage lending is yet to be given due attention.
