The Jamaica Mortgage Bank (JMB) was established in 1971, as a private limited company under the Companies Act of 1965 with an authorised share capital of $5 million.
On June 5th, 1973, under Act of Parliament No. 16 of 1973, the Bank was converted to a statutory corporation. The authorised, issued and fully paid-up share capital of the Bank is at present $500 million. The JMB was established with the mandate to finance safe and affordable housing so that all Jamaicans will have access to home ownership.
The JMB seeks to mobilise financial resources for on-lending to private and public-sector developers and financial institutions, developing an active secondary mortgage market and providing mortgage indemnity insurance.
Our vision is to finance safe and affordable housing so that all Jamaicans will have access to home ownership.
Our mission is to be a profitable organisation, mobilising financial resources for on-lending to private and public-sector developers and financial institutions, developing an active secondary mortgage market and providing mortgage indemnity insurance in support of the national settlement goal.
The JMB's core values are:
• Accountability
• Respect
• Integrity
• Self-oriented
• Excellence
