To sources research problem secondary data were collected. The research instruments used in collecting the data were through textbook libraries professional and trade organizations and internet services.

Data analysis and interpretation gave the following findings

1.                 Most of the respondents requires interest rate structure.

2.                 Most of the respondents companied about rate of payment

3.                 Loan disbursement/ approval

4.                 It was also discovered loan rescheduling/foreclosure.

Based on the findings we recommend that

1.                 Government should provide adequate funding.

2.                 Government and central bank should create secondary/ intermediary mortgage institution

3.                 The central bank should review the interest rate structure.

4.                 There should be a review of payment terms

The conclusion of the study is that depression in economy is the problem of mortgage banks in Nigeria. But if the recommendations will be considered and improved the hidden large potential for the development of mortgage bank in Nigeria will be achieved.