Jamaica National Building Society (JNBS), Jamaica's largest private mortgage lender, is engaged in talks with the state-owned National Housing Trust (NHT) to acquire its mortgage portfolio of more than 84,000 mortgage accounts, which generates about J$10 billion of new business each year. JNBS is selling the outsourcing plan as a cost saver for NHT, whose operating expenses are around J$4 billion. JNBS appears to be the only party to the discussions with NHT, but if the NHT agrees to the divestment, it will likely require JNBS and others to bid for the business, in accordance with government procurement rules.

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