Browsing by Author "Abiodun Fasunle FASHINA"

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    Mortgage Financing, Innovation Capability and Housing Loan Performance of Accredited Primary Mortgage Banks in Nigeria
    (Lead City University, 2023-12) Abiodun Fasunle FASHINA
    The housing loan performance is measured by access to finance, homeownership loan volume, non-performing loan ratio and service efficiency of the primary mortgage bank (PMB). This study examined the influence of mortgage financing (MF) and innovation capability (IC) on housing loan performance (HLP) of accredited PMBs in Nigeria. The study employed cross-sectional mixed method survey design with two populations representing 20 accredited PMBs and 129,163 National Housing Fund (NHF) Scheme contributors registered with FMBN Ikeja Office. Also, obtained a classified secondary data on NHF loan disbursements to PMBs and NPL ratios from 2012 to 2022 from FMBN. A sample of 10 accredited PMBs in Lagos was determine by cluster sampling technique in which 4 credit officers were selected in each of the PMB applying purposive sampling method to arrive at a total of 40 credit officers. The sample size of 400 NHF Scheme contributors was computed using Taro Yamane formula. The study applied structured questionnaire as research instrument that was validated using content and construct validity. The descriptive and inferential statistics were employed to analyse the data. The major findings revealed that MF and IC have significant influence on HLP (Adj. R2 = 0.590, F (3,33) = 18.274, p = 0.000) and government housing policy (GHP) has significant moderating effect on the functional relationship between MF, IC and HLP (R2∆ = 0.055, F∆ = 5.275, p = 0.028) of accredited PMBs in Nigeria. The study concluded that MF and IC had significant influence on HLP of accredited PMBs in Nigeria. The study recommended that the management of PMBs should take appropriate measures to strengthen performance dimension of service efficiency. Also, the management of PMBs must continue to implement the relevant housing policies that support the performance effect of MF and IC that are existing in the mortgage banks in Nigeria. Keywords: housing loan performance, primary mortgage banks, homeownership, mortgage financing, innovation capability, NHF Scheme contributors, government housing policy, credit officers Word Count: 300.