About NHMFC
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.
NHMFC Cuts Interest Rate for HLRPP
Vice President Jejomar C. Binay announced that the National Home Mortgage Finance Corporation (NHMFC) will reduce the interest rates of its Housing Loan Receivables Purchase Program (HLRPP).
He added that the "seasoning period" or the period where the account is amortizing prior to its sale or assignment to the NHMFC will also be reduced.
Binay made the announcement after the NHMFC Board of Directors passed a resolution amending the guidelines of the HLRPP.
VP Binay Enjoins Earth Hour Observance
Vice President and HUDCC Chairman Jejomar C. Binay enjoined the officers and employees of the National Home Mortgage Finance Corporation (NHMFC) to participate in this year’s celebration of Earth Hour 2012 slated on March 31, 2012 from 8:30 p.m. – 9:30 p.m.
In a statement today, the housing czar said that “The observance of Earth Hour does not only contribute to the general well-being of the environment, it also poses a more involved awareness among our citizenries and further urges us to help care for our planet Earth.”
NHMFC Remits P18 M to Gov't - VP Binay







