Infinity Trust Mortgage Bank earnings hit N1.005bn in 2018

infinity trust mortgage bank plc Period from Period from Period from Period from Notes to the Financial Statements Jan – June April – June Jan – June April – June 2018 2018 2017 2017 N N N N 1 Interest and similar income National Housing Fund Loans 19,663,775 9,818,029 8,748,105 (1,097,640)

Infinity Trust Mortgage Bank Plc, Abuja, Nigeria. 1,106 likes 8 talking about this. Infinity Trust Mortgage Bank PLC (ITMB) was licensed in 2002 and.

Since a particular source of income for some borrowers involves a trust fund, it raises an important question. Can trust income be used as verifiable income for an FHA mortgage loan? Does it qualify? Yes, trust fund income can qualify–if that trust income meets FHA loan minimum standards as described in HUD 4155.1.

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Infinity Trust Mortgage Bank Plc was incorporated on 28th January, 2002, as Infinity Trust Savings & Loans Limited. However, it commenced business operations in Abuja, in 2003. For over a decade, our registered trademark – Infinity Homes – has remained a true reflection of our unalloyed commitment towards providing Nigerians with endless.

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Infinity Trust Mortgage Bank PLC (ITMB) was licensed in 2002 and started business operations in 2003, precisely, 15 years ago. Its registered trade mark Infinity Homes is a reflection of the strong desire of the Bank to create endless opportunities for shelter for every category of Nigerians.

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The Infinity Trust Mortgage Bank (ITMB) Plc gross earnings hit the billion Naira mark for the first time, rising from N833.6 million in 2017 to N1.005 billion in 2018, representing 14 per cent.

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