In recent times the federal mortgage bank spite of it role
in housing delivery has recorded little or no success which
is the major concern of this paper to critically assess the
extent to which the federal mortgage bank has recorded
success in housing delivery in Nigeria. Information on
the extent of housing delivery was obtained from federal
ministry of statistic and federal mortgage banks. However,
findings indicate that in 2002 to 2005, the mortgage
finance bank was able to mobilized N19.175 billion
compared to 1992 to 2002 with a value of N11.451 billion
showing a growth rate of 82%. It was discovered that
the bank granted loan value of N4.531 billion to 4,151
national housing fund to contributors to either build or
renovate their houses. Nevertheless, the mortgage finance
bank has recorded little or no success but has appreciably
improved in terms of fund mobilization which has aided
increase in housing delivery in Nigeria.