NHMFC Celebrates 40 Years of Being a Prime Mover in the Housing Finance Industry

21 December 2017, Makati City, Philippines - The National Home Mortgage Finance Corporation (NHMFC) celebrates its 40th year as the nation's leading secondary mortgage institution.

Since the signing of Presidential Decree 1267 in 1977, the NHMFC has unceasingly worked towards the fulfillment of its mandate of increasing the availability of affordable housing loans for Filipinos through the securitization of mortgages originated by both private and public institutions. The corporation has been the driving force behind the issuance of the country’s first residential mortgage-backed securities (“Bahay Bonds 1”) and retail mortgage-backed securities (“Bahay Bonds 2”). Within the past few years, it has successfully operated viable housing finance programs such as the Housing Loan Receivables Purchase Program (HLRPP), the Socialized Housing Loan Takeout of Receivables (“SHeLTeR”) Program, and the “Maginhawang Buhay dahil sa Bahay (MABUHAY)” Reverse Mortgage Program.

The NHMFC will soon release a successor to BahayBonds 2. BALAI Bonds 1 backed by quality socialized and low-cost housing loan portfolio. BALAI is the acronym for Building Adequate Livable Affordable and Inclusive Filipino communities, a broader housing program involving multiple government agencies like NHMFC.

NHMFC will also roll out BALAI CMP Bonds as alternative compliance to the balanced housing requirement for housing developers. CMP, short for Community Mortgage Program, is a government-funded undertaking administered by Social Housing Finance Corporation (SHFC), a wholly-owned subsidiary of NHMFC. As NHMFC advances beyond its four decades as a prime mover in the housing finance industry, more programs will be developed to strengthen its commitment towards addressing the housing needs of the low-income and underserved sectors of society.

Memorandum of Understanding of National Home Mortgage Finance Corporation (NHMFC) and Home Development Mutual Fund (HDMF)

(From left to right) Mr. Alexander Hilario G. Aguilar (Deputy Chief Executive Officer, Member Services Operations Cluster of Pag-IBIG Fund). Mr. Acmad Rizaldy P. Moti (Chief Executive Officer of Pag-IBIG Fund), Mr. Eduardo D. del Rosario (Chairperson of Housing and Urban Development Coordinating Council), Atty. Falcon V. Millar, CPA (Secretary General of Housing and Urban Development Coordinating Council), Dr. Felixberto U. Bustos, Jr. (President of National Home Mortgage Finance Corporation), Ms. Livia Alicia R. Ramos (Executive Vice President of National Home Mortgage Finance Corporation).

The signing of Memorandum of Understanding between National Home Mortgage Finance Corporation (NHMFC) and the Home Development Mutual Fund (HDMF) for the purchase of HDMF’s socialized housing loan portfolio. NHMFC will issue an Asset-Backed Securities (ABS) with the purchased housing loan portfolio as underlying assets. The issued securities which will be called BALAI Bonds 2, will be sold to Institutional Investors (19 Main Housing Developers). The BALAI Bonds 2 will serve as alternative compliance to Balanced Housing requirements per RA 10884.

NHMFC Offers Moratorium for Super Typhoon Nina’s Victims

As part of government’s efforts to help victims recover from the aftermath of super typhoon Nina, borrowers of the National Home Mortgage Finance Corporation (NHMFC) who were affected can avail of the 6-month moratorium on their housing loans.

All NHMFC borrowers/buyers whose accounts are updated or in current status as of 24 December 2016 are qualified and may apply not later than 31 January 2016.

The moratorium will be implemented for a period of six months effective on the first due date after January 2017. In the event of payment by the claimant during the six-month period, such will be posted after the moratorium.

The application should be supported by a certification from the barangay chairman to attest that the borrower’s/buyer’s property was damaged by typhoon Nina.

The borrower’s loan term shall be automatically extended equivalent to the same number of months that the account is under moratorium.

According to reports from the NHMFC’s satellite office, roughly 1,050 accounts were severely affected by typhoon Nina: Bicol (800); Quezon (50); and MIMAROPA (200).

Borrowers affected in the region are advised to visit the NHMFC Laguna Satellite Office located at 2F Lennox Bldg., Barrio Tagapo, Sta. Rosa Laguna or call (049) 838-79-58/502-49-47(for Bicol and Quezon accounts); and for MIMAROPA accounts, please coordinate with Luzon Accounts Servicing Division (LASD) located at 104 Filomena Bldg. III, 2F Amorsolo St., Legaspi Village, Makati City or call at 893-15-01 local 302.



National Home Mortgage Finance Corporation (NHMFC) signs Memorandum of Agreement (MOA) with Tagum City Council of Women Foundation, Inc.

The National Home Mortgage Finance Corporation (NHMFC), a key shelter agency under the Housing and Urban Development Coordinating Council (HUDCC) recently signed a MOA with Tagum City Council of Women Foundation, Inc. (TCWF) for a socialized housing project, the first of its kind. Representing NHMFC during the MOA signing was President Felixberto Bustos, Jr. and representing TCWF was President Alma L. Uy. Witnessing the signing were Vice Governor of Davao Del Norte Alan Dujali and Congressional Spouses Foundation Inc. (CSFI) President Emily A. Alvarez.

TCWF is composed of women living in the different barangays of Tagum City. The foundation's strength lies in their livelihood programs that empower women to be economically independent. From selling kakanin in one of the areas in Tagum City, TCWF has now fifteen (15) outlets where they sell not only kakanin but a variety of viands, fruits & deserts.

The MOA between NHMFC and TCWF entails the take-out of socialized housing loans of the foundation's members. The said purchase will be coursed through NHMFC’s Socialized Housing Loan Take Out of Receivables (SHeLTeR) Program.

The NHMFC SHeLTeR Program aims to bridge the gap of the country's socialized housing backlog by offering a liquidity facility to originators such as non-government organizations, cooperatives, microfinance institutions, local government units, national government agencies, and private corporations which are involved or would like to be involved in providing a housing program for their employees, constituents or members.

NHMFC plans to replicate this unique assistance to women foundations and non-profit organizations aspiring to provide housing and livelihood assistance to their members, in other areas of the country.

For non-profit organizations, microfinance institutions and cooperatives interested in collaborating with NHMFC through the SHeLTeR Program, you may call 893-0491 or 893-1515 local 249 for more details.




NHMFC Awarded GQMC Certificate of Recognition

The National Home Mortgage Finance Corporation (NHMFC) was awarded by the Government Quality Management Committee (GQMC) a Certificate of Recognition during its 4th Recognition Ceremony recently held at the Land Bank of the Philippines (LBP) Auditorium, Malate, Manila.

The certificate is given to government agencies, government-owned and controlled corporations, state universities, and local government units whose Quality Management Systems (QMS) have attained ISO 9001:2008 Quality Management System (QMS) Certifications from January 2012 to October 2016.

NHMFC was among the awardees for having successfully established a QMS Certified to ISO 9001:2008 Standards in compliance to Executive Order No. 605, s. 2007.

NHMFC President Dr.Felixberto U. Bustos Jr. together with Ms. Pia Bustos, Corporate Executive Officer II, represented the Corporation in the awarding ceremony.

In a message delivered by Vice President Leni Robredo, she expressed her appreciation and congratulation to all the awardees. “I know that it took more than the usual level of dedication, hard work, sacrifice, and quite possibly, many sleepless nights, for you to attain this coveted Certification to the ISO 9001 Standards. Know that your efforts are very much appreciated by a grateful nation.”

She also emphasized that collaboration is the key and that the word “government” should not simply refer to those working in the government, but “it is about how we interact with the public and how we solve things together when we can’t do things on our own.”

The GQMC is composed of Department of Budget and Management (DBM) Secretary Benjamin E. Diokno as Chairman, Department of Trade and Industry (DTI) Ramon M. Lopez as Co-chairman, and Department of the Interior and Local Government (DILG) Secretary Ismael D. Sueno, Office of the President - Internal Audit Office Deputy Executive Secretary Alberto A. Bernardo, and Development Academy of the Philippines (DAP) President Antonio Kalaw, as Committee Members.

In February 2013, NHMFC was originally awarded its ISO 9001:2008 Certificate for the Rizal Division Borrower Counseling System, and in January 2014, another ISO certificate for the expansion of the counseling system to National Capital Region (NCR) Division and Luzon Accounts Servicing Division (LASD).

Following this, in February 2015, the corporation acquired one more ISO certification for its Extra-Judicial Foreclosure of Account and Custodianship of Title, and for this year, NHMFC was awarded ISO Certification for all its securitization processes - the Securitization of Housing Loan Portfolios (Purchase of Housing Receivables, Collection of Amortizations, Securitization, and Post Issuance of Bonds) and Borrower’s Services

ISO 9001:2008 specifies requirements for a quality management system, where a particular organization or entity needs to demonstrate its ability to consistently provide products or services that meet customer satisfaction, counting the mechanisms for constant enhancement of its system and the assurance of conformity to their consumers and other applicable regulatory requirements.

NHMFC President Felixberto U. Bustos Jr. (3rd from left) receives the Certificate of Recognition from DBM Secretary Benjamin Diokno (center) for the corporation’s attainment of the ISO 9001:2008 Quality Management System Certification. Also in photo are (L-R) Vice President Magdalena Mendoza, DAP; Deputy Executive Secretary Alberto Bernardo, Office of the President–Internal Audit Office; CEO II Ms. Pia Bustos, NHMFC; Assistant Secretary Ester Aldana, DILG; and Assistant Secretary Ireneo Vizmonte, DTI.



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