NHMFC innovative programs for elders, environment

The securitization program of the National Home Mortgage Finance Corp. (NHMFC) is not only focused on enhancing its liquidity, but also on extending assistance to underserved sectors including Filipino senior citizens, and on promoting environment protection.

So far, the NHMFC has two existing programs designed to serve our Filipino seniors and to help the government in promoting resiliency and sustainability in the housing sector.

MaBuHay Program (HLRPP-3) for Filipino senior citizens

The increasing aging population in the country prompted the NHMFC to establish a new scheme that will help support the financial needs of the underserved Filipino senior citizens. Considering this class of populace and the several housing finance programs that do not explicitly cater to the elderly’s needs for additional fund, NHMFC officially launched in 2016 its version of the Reverse Mortgage Program dubbed as “Magandang Buhay sa BaHay (MaBuHay) Program” (HLRPP 3-MaBuHay). This is a new product in the Philippine capital market designed to help provide additional funds for Filipino senior citizens’ snowballing cost of living.

The NHMFC’s MaBuHay Program is a type of mortgage wherein a homeowner senior citizen can borrow money against the value of his or her home, receiving funds in the form of a fixed monthly payment, a line of credit or both. No monthly payment of the mortgage is required until the borrower dies, moves away permanently or sells the home. It allows senior citizens to convert a portion of their home equity into cash to pay for their medical and health care expenses, cost of travels or vacations, financial obligations or other existing loans. It can also provide additional capital for their planned or existing business, and other ventures.

The MaBuHay Program, as a social welfare instrument for older persons who play a vital support to the development of the capital market, is also NHMFC’s way of supporting Republic Act No. 9994 or the “Expanded Senior Citizens’ Act of 2010.”


When I assumed as chairman of the former Housing and Urban Development Coordinating Council (HUDCC), the BALAI Housing Program was conceptualized and formally launched on Oct. 18, 2017, with the KSAs committing to engage in building sustainable Filipino communities.

Under this program, direct housing production, housing loans, mortgage programs, land registrations and other various housing assistance shall be branded as “BALAI,” which stands for Building Adequate, Livable, Affordable and Inclusive (BALAI) Filipino Communities.

As part of NHMFC’s commitment to contribute to the BALAI Housing Program, to the Philippine Development Plan (PDP) 2017-2022, Ambisyon Natin 2040 and the Sustainable Development Goals (SDG), we created another liquidity facility for housing loan originators called the BALAI BERDE Program (HLRPP 4-BERDE), which is consistent with our objective to support communities, marginalized sectors, local government units and the private sector in building safe and secure communities. This was aimed at helping the housing sector in its efforts to deliver green housing projects. BERDE stands for Building Eligible Resilient Dwelling for Everyone.

BALAI BERDE is the first program of DHSUD that promotes sustainable housing development in safe and secure communities. It advocates a quality of life in a society that contributes to the economy while preserving the environment. It promotes the reduction of community risks and vulnerabilities to disasters as well as encourages energy efficiency, building of resilient housing units, water conservation and the use of low carbon materials.

As a new financial instrument, this program was designed to increase capital allocations for green projects that contribute to environmental sustainability and resiliency. It offers a loan not exceeding 100 percent of appraised value or up to P3 million, with a term of five to 35 years and a fixed rate of 3 percent to 6 percent.

An interest subsidy for poor beneficiaries from Decile 1-6 as defined by the Philippine Statistics Authority shall be provided to make housing loans more affordable. Housing receivables pooled from this program shall be used for securitization.

Securities from the bond issuance shall be classified as “Green Bonds” which comply with the Asean Green Bonds Standards (GBS), wherein proceeds shall be exclusively used to finance or refinance, in part or in full, new and/or existing eligible “green projects” that meet regional, national or internationally recognized standards or certifications.

The formulation of BALAI BERDE is aligned with NHMFC’s pledge to come up with innovative financial products that will augment the needed funds to keep the housing sector vibrant.

NHMFC maintains ISO 9001:2015 certification

The National Home Mortgage Finance Corporation maintained its ISO 9001:2015 certification for Securitization of Housing Loan Portfolios (Purchase of Housing Receivables, Collection Amortization, Securitization, and Post Issuance of Bonds) and Borrower’s Services.

Amidst the alternative work arrangements in all NHMFC offices due to the global outbreak of the coronavirus disease 2019 (COVID-19), a remote audit on all sites was conducted by TÜV SÜD PSB Philippines, Inc. (TUV SUD), a third party certifying body. Held on July 20 to 22, 2020, the audit concluded with a Recommendation of Certificate Maintenance by TÜV SÜD Quality Management System auditors, Messrs. Cezar Sendaydiego and Xavier Lance Dy.

Department of Human Settlements and Urban Development Secretary Eduardo Del Rosario, who also chairs the NHMFC Board of Directors, applauded all the units and branches of the corporation for another successful audit.

“The rigorous efforts of the corporation to uphold international standards of its products and services are evident in maintaining our ISO 9001:2015 Certification,” Secretary Del Rosario said. He added that this is NHMFC’s 3rd Surveillance Audit for ISO 9001:2015 Certification and the next round will be in February 2021.

“NHMFC consistently revisits its processes to ensure continuous compliance to international standards of providing client services. In the face of the current global health crisis, we, from the government’s housing sector, were able to adapt to the challenges of the new normal situation without derailing our services to our stakeholders. This ISO recertification is a remarkable testament to our endeavors,” the housing czar stressed.

This quality management system milestone is made possible with the vast use of ICT tools invested in by the corporation, coupled with the collaborative efforts and strong cooperation among the employees and management. NHMFC is one of the government’s key shelter agencies under the administrative supervision of DHSUD.


ISO 9001:2015 RECERTIFIED: NHMFC key officers pay attention as TUV SUD PSB Philippines, Inc. auditors conclude their 3-day remote audit in a virtual meeting for the corporation’s successful ISO recertification for its Securitization of Housing Loan Portfolios (Purchase of Housing Receivables, Collection Amortization, Securitization, and Post Issuance of Bonds) and Borrower’s Services.

NHMFC Grants Moratorium to Its Housing Loan Borrowers Amidst COVID-19 Outbreak

The National Home Mortgage Finance Corporation (NHMFC) announced today the grant of a 3-month moratorium on the payment of monthly amortization to its housing loan borrowers effective March 16 to June 16, 2020, subject to extension should the emergency situation prevail.

This is pursuant to Presidential Proclamation 922 dated March 8, 2020 declaring a State of National Health Emergency throughout the country due to the threats posted by the deadly novel corona virus (COVID 19).

"We are now under a State of National Health Emergency due to COVID-19 so we want to ensure our borrowers that in this crisis, their mortgages payment will not be a burden to them." DHSUD Secretary Eduardo Del Rosario said.  NHMFC is one of the government’s key shelter agencies under the Department of Human Settlements and Urban Development.

Interested and qualified borrowers whose accounts are in current status or 0-3 months in arrears, should file their application for moratorium at any NHMFC office within 30 days after the national state of emergency has been lifted.

Borrowers may also opt to keep their accounts updated thru Paymaya’s online payment facility.  Even without going to NHMFC offices, borrowers may log-in to access their accounts at www.nhmfc.gov.ph.***



PANOORIN: Mensahe mula kay DHSUD Secretary Eduardo del Rosario hinggil sa ipinatupad na tatlong-buwang moratorium sa pagsingil ng mga loan sa mga Key Shelter Agencies. #DHSUD

Posted by Department of Human Settlements and Urban Development on Tuesday, March 17, 2020









Moratorium Guidelines


  • Who are qualified to avail?

    All borrowers under all of NHMFC’s portfolio whose accounts are in current status (0 – 3 months) as of March 16, 2020.

  • When and where to file application?

    Interested and qualified borrowers should file their application for moratorium at any NHMFC office within 30 days after the national state of emergency is lifted.

  • When will it take effect?

    The moratorium shall be for a period of three months effective March 16 to June 16, 2020, subject to extension should the emergency situation prevail.

  • What will happen to the loan once moratorium is availed and consequently approved?

    As a result of the moratorium, the loan term shall be automatically extended equivalent to three months or to the same number of months that the account is under moratorium.

NHMFC Remits Its Highest Dividends to NG

The prime state-owned secondary mortgage player, National Home Mortgage Finance Corporation (NHMFC), remitted to the national government its highest ever dividends totaling ₱264 million comprising of dividends for CY2019 net earnings and back dividends for prior years.

This is a 49% increase from last year’s ₱177 million for CY2018.

NHMFC has remitted a total of ₱937 million dividend contributions from 2012 to the present. Additionally, it expects the remaining prior years’ dividends to be paid out next year.

Pursuant to R.A. 7656 known as the “GOCC’s Dividend Law,” GOCC’s are required to declare and remit at least 50% of their annual net earnings as cash, stock, or property dividends to the national government on or before May 15th of each year. However, with the COVID-19 outbreak challenging our country, GOCC’s are requested by the Department of Finance (DOF) to remit their dividends a month earlier in support to the Bayanihan to Heal as One Act.

"Given the current health emergency, our early dividends remittance will help our government in its effort to lighten the economic situations faced by our people most affected by the COVID-19 crisis," said Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo Del Rosario, who also chairs the NHMFC Board of Directors.

NHMFC is one of the government’s key shelter agencies under DHSUD.

“We assure you that we at the housing sector are also committed to working with our government in sourcing more funds to battle this pandemic,” he added.

This year, NHMFC’s dividends are paid through the transfer of government securities carried at fair value, in which any under or over remittance of dividends due to market fluctuations shall be reflected as an adjustment to dividends in arrears. This scheme has been approved by DOF.

Moreover, NHMFC continuously proves its strong financial performance as it is also set to pay its highest corporate income tax for CY2019 amounting to Php83,430,349 on June 12, 2020.  This amount overshadowed the previous year’s remittance by 119% or equivalent to Php45.38 million.

The corporation also paid its Percentage Tax levied from its gross sales/receipts amounting to Php34,344,165. This again is 160% or equivalent to Php21.13 million higher than its 2018 remittance.

Secretary Del Rosario said that NHMFC is among the GOCCs  that  steadily contributes to the national treasury through its yearly increasing annual payment of dividends and corporate taxes.###


NHMF Launches BALAI Rewards

Housing loan borrowers of National Home Mortgage Finance Corporation (NHMFC) can now enjoy points redemption reward through its recently launched BALAI Rewards and Incentives Program (BALAI Rewards).

BALAI Rewards can be availed by the borrowers whose accounts are active and updated starting January 1, 2020.

Borrowers who pay their monthly amortizations on or before their respective due dates earn one (1) point.   For every 12 BALAI Rewards points earned within a 15-month period, a borrower is entitled to receive a gift certificate worth Php1,000.00.  A bonus gift certificate will also be given if a borrower earns 12 points for 3 consecutive years.

Eligible accounts under this program are automatically qualified to the raffle draw.  Winners will be picked electronically and awarding will be every December to coincide with NHMFC’s anniversary.  Cash prizes at stake are Php 200,000.00 (1st Prize), Php 100,000.00 (2nd Prize), Php 50,000.00 (3rd Prize), and 3 consolation prizes of Php15,000.00 each.


“For several years, the NHMFC has concentrated on providing repayment incentives for delinquent and non-performings loans, and rarely on the regular or prompt paying accounts.  Consider this new program as a reward for our borrowers who religiously pay their monthly amortizations,” NHMFC President Felixberto U. Bustos said during the launch.

BALAI Rewards can be easily accessed through  BALAI Rewards mobile app, My NOA kiosks located at NHMFC offices, and the NHMFC’s official website 

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