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.

 

 

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.

 

 

NHMFC to Introduce Islamic Housing Finance

The National Home Mortgage Finance Corporation (NHMFC) plans to extend housing finance to the Filipino Muslim Community as it aims to introduce a new program for Islamic Housing Finance.


Being the country’s Secondary Mortgage Institution (SMI), NHMFC is continuously developing and introducing new products to cater to the underserved market, who have no access to financing under traditional housing finance programs offered by other institutions. 


According to the Philippine Statistics Authority (PSA) data of 2000, around 5.06 percent of the total Filipino population are Muslims. As of 2015, NHMFC estimates that there are about 5.8 million Muslims living in the country with the Autonomous Region in Muslim Mindanao (ARMM) having the largest population of 3.4 million followed by Region 12 with 1.2 million. This is a great opportunity for the Philippines to tap the Muslim market, as the World Bank reported in 2015 that the Global Islamic finance market is worth $3 trillion. 


The program will further benefit the Muslim community who are having difficulty in accessing housing finance under the conventional method, because traditional financing does not offer Shariah compliant housing loans. 

 

NHMFC President Bustos Receives the “Gawad Sulo Ng Bayan” Award

NHMFC President, Dr. Felixberto U. Bustos Jr. was awarded the “Gawad Sulo ng Bayan” during the 2016 Construction and Real Estate Awards (CREA) Night held at the Tanghalang Pasigueno, Pasig City on October 18, 2016.

This recognition is given to an outstanding individual or organization with activities and services that enlighten, inspire, promote and empower the Filipino people particularly in the real estate industry amid the economic, political, moral and social challenges the country is facing during this modern era.

CREA is a segment of Gawad Sulo ng Bayan, which caters to the construction and real estate including allied industries. It aims to unite the constructions and real estate industries without prejudice to their existing organizations and affiliations.

Among the awardees were Vice President Maria Leonor Robredo, Senator Joseph Victor Ejercito, Congressman Dante Liban, HLURB Commissioner Antonio Bernardo, Alaska Industrial Development & Export Authority (AIDEA) Architect Jojo Tolentino, Professional Regulatory Board of Real Estate Service (PBRES) Chairman Eduardo G. Ong, and UNICEF Ambassador Bae Kasunaya Fely Gahan D. Atega,

This year’s CREA Team, chaired by Mr. Ernest Adams Marcelo of Avant-Garde Consulting, is composed of real estate brokers, appraisers, property and asset managers, and architects.

 

NHMFC, IA Sign MOA for the Resettlement of Intramuros ISFs

The National Home Mortgage Finance Corporation (NHMFC) and the Intramuros Administration (IA) recently signed a Memorandum of Agreement (MOA) for the resettlement of Informal Settler Families (ISFs) living in Intramuros, Manila under the Corporation’s HLRPP2 - Socialized Housing Loan Takeout of Receivables (SHeLTeR) Program.

Under the program, the “Balon Community”, a group of informal settlers occupying part of the Intramuros Wall, will have their own housing units within near-city housing projects. They will be the first beneficiary-recipients of this undertaking.

“Ang gusto namin sa NHMFC ay makatulong po kami sa mga kababayan nating informal settlers sa pamamagitan ng aming bagong programang SHeLTeR,” Dr. Bustos said. He added this objective is made possible now with the Corporation’s partnership with IA.

Mr. Gerardo B. Arcino, a member of the Balon Community, expressed his gratitude to be among those residents to be relocated. “Pangarap ko po ito na Makita sana ng mga bata na wala na sila sa squatter’s area. Natutuwa ako na maisasakatuparan na ang aming pangarap na ito,” he said during the signing ceremony.

Dr. Felixberto U. Bustos, Jr., NHMFC President, and Atty. Marco Antonio Luisito V. Sardillo III, IA Administrator, signed the MOA. Also present during the ceremony are NHMFC Vice President for Securitization Group Rosabella C. Jose, Balon Community Resident Representative Gerardo B. Arcino, and IA Finance & Administrative Division Chief Merceditas C. De Sahagun.

NHMFC’s SHeLTer is a housing program that aims to provide liquidity facility for socialized housing originators. This was launched to serve the underprivileged sector of society, and at the same time, encourage housing developers/originators to continuously provide quality social housing units for low-income families.

NHMFC continues to be the country’s primary secondary mortgage institution, aimed to develop and provide for a secondary market for home mortgages granted by public and/or private home financing institutions.

 

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