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...
In the first quarter of 2024, Pag-IBIG Fund members collectively saved a record P28.75 billion, setting the highest amount ever saved in the agency's history during a first quarter, according to top officials. This represents a 36 percent increase—roughly P7.66 billion more than the P21.09...
Pag-IBIG Fund’s home loan releases in the first quarter of 2024 reached P28.09 billion—the highest amount released by the agency for any January to March period in its history, its top officials announced during the North Luzon leg of the Stakeholders Accomplishment Report (StAR) last May 10....
Almost 2,000 families in Bulacan are expected to benefit from the national government’s housing project after the Home Development Mutual Fund or Pag-IBIG Fund released around P101.5 million for mass housing in Bocaue town. The fund is intended to finance the ongoing...
The Home Development Mutual Fund or Pag-IBIG Fund has released P200 million to finance the construction of two housing projects in Luzon and Visyas, the Department of Human Settlements and Urban Development (DHSUD) said on Sunday, April 14. DHSUD Secretary Jose Rizalino Acuzar said the two...
The Home Development Fund, or the Pag-IBIG Fund, has achieved its highest dividend rates since the Covid-19 pandemic began, as its regular savings dividend rate for 2023 reached 6.55 percent and its Modified Pag-IBIG 2 (MP2) Savings rate surged to 7.05 percent per annum. The announcement was made...
President Marcos has urged the Pag-IBIG Fund to make its home mortgage more accessible to Filipinos. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "I urge the Pag-IBIG Fund to make its home mortgage financing even more accessible and to balance this with sustainability," Marcos said in...
Pag-IBIG Fund welcomed Finance Secretary Ralph G. Recto and newly appointed trustee, Maria Lourdes Doria-Velarde, as part of the 11-member Pag-IBIG Fund Board of Trustees, top officials stated Tuesday (20 February). Finance Secretary and Pag-IBIG Board ex-officio vice chairperson, Ralph...
In my five years of experience in the real estate industry, I've observed a growing trend among investors who prefer acquiring properties without paying in cash. Developers are increasingly offering pre-selling projects, allowing buyers to lock in prices and make manageable monthly payments....
OFW organizations are backing Pag-IBIG Fund’s plan to increase members' monthly savings rate this year, agency officials announced last January 16, 2024. After gaining support from labor and employer groups, Pag-IBIG Fund's plan also received nods from the Kapisanan ng mga Kamag-anak at...
Members of the Home Development Mutual Fund (HDMF), or Pag-IBIG, can avail of higher cash loans when it starts to implement the increase in the mandatory monthly savings of the employee next month. Housing czar Secretary Jose Rizalino Acuzar, who also chairs the 11-member Pag-IBIG Fund Board...
Pag-IBIG Fund secured the support of the Federation of Free Workers (FFW), one of the country’s top labor organizations, in its plan to increase the nearly four-decade old mandatory monthly savings rate for both members and their employers starting January 2024, officials stated Monday (08...
