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