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The NHMFC is the major government home mortgage institution. Its initial main function is to operate a viable secondary home mortgage market, utilizing long-term funds principally provided by the Social Security System, the Government Service Insurance System, and the Home Development Mutual Fund to purchase mortgages originated by both public and private institutions that are within government approved guidelines. It is also mandated to develop a system that will attract private institutional funds into long-term housing mortgages. 
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