Mission Statment:

The Mortgage Finance Authority had been founded by the presidential decree number 277 for the year 2001, for the purpose of regulating the mortgage finance market, monitor the application of the mortgage law number 148 for the year 2001, follow-up on the market activities and take the necessary measures to develop and preserve the rights of all the market players.

The Mortage Finance Authority "MFA" Objectives:  

• Set the policies needed to govern the mortgage market in light of the mortgage law rules and regulations.

• Registering and provide listings for mortgage appraisers in the market and monitor their activities.

• Registering and provide listings for the legal agents for property foreclosures in the market and monitor their activities.

• Registering and provide listings for mortgage brokers in the market and monitor their activities.

• Provide licenses for mortgage finance companies to start operating in the market and monitor its activities afterwards.

• Evaluating and deciding on mortgage company's requests for mergers or activities suspension or liquidation all or part of its assets.

• Provide the mortgage finance general conditions form.

•  Allowing all authorized personnel to get hold of the MFA records, reports, documentations related to the mortgage finance market and allow them to acquire official transcripts; without jeopardizing the client's information secrecy laws and according the rules and regulations and designated cost as per the mortgage law executive regulations.

• Provide and advertise the necessary information related to mortgage finance activities.