Banks to pocket billions from NHT mortgage outsourcing
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The National Housing Trust (NHT) has funnelled $1.1 billion to private banks to subsidise its External Financing Mortgage Programme (EFMP), a move that effectively outsources its mortgage book to protect a multibillion-dollar housing construction budget. TheBanks to pocket billions from NHT mortgage outsourcing
The National Housing Trust (NHT) has funnelled $1.1 billion to private banks to subsidise its External Financing Mortgage Programme (EFMP), a move that effectively outsources its mortgage book to protect a multibillion-dollar housing construction budget. The contributor-funded state-run entity is projected to pay a further $1.3 billion in interest to financial institutions for the 2025-26 fiscal year, it disclosed, following a Sunday Gleaner query. Read more
