The Home Development Mutual Fund or more popularly known as Pag-IBIG Fund grew its net income by over a fifth to P28.4 billion in the first half of 2024, on the back of higher collections coupled with lower expenses. To recall, Pag-IBIG Fund last February hiked members' monthly contribution rate to...
National Home Mortgage Finance Corporation (NHMFC) has closed its fifth securitization exercise called “BALAI Shelter Compliance ABS” involving total issuance worth around P715.152 million. Securitized is a portion of the socialized housing loan portfolio NHMFC acquired from the Home...
State-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is banking on the country’s economic recovery in bringing down its soured loans to single-digit within one year. Acmad Rizaldy P. Moti, Pag-IBIG Fund chief executive officer, said the company’s non-performing loan (NPL)...
State-run Home Development Mutual Fund, commonly known as PAG-IBIG Fund, reported return to pre-pandemic levels in terms of finance performance last year. Eduardo D. del Rosario, Pag-IBIG Fund chairperson said on Thursday, Feb. 24, that the company’s net income increased 9.5 percent to P34.73...