+ Follow HOUSING LOAN CONDONATION ACT Tag
HOUSING LOAN CONDONATION ACT
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[results] => Array
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[0] => Array
(
[ArticleID] => 243272
[Title] => NHMFC extends penalty condonation for home loans
[Summary] => The National Home Mortgage Finance Corp. (NHMFC) will continue to waive the collection of accumulated loan penalties due to delayed amortization for housing loans granted by the agency, provided that the borrower shall either fully pay the account; update the arrearages or restructure his loan.
Angelico T. Salud, NHMFC president, said that the housing agency has extended the implementation of its Penalty Condonation Program, pursuant to Housing Loan Condonation Act of 1998, or R.A. 8501, which program expired last Dec. 31, 2003.
[DatePublished] => 2004-03-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[1] => Array
(
[ArticleID] => 205948
[Title] => Loans condoned by NHMFC hit P2.5-B
[Summary] => Some 40,920 delinquent housing loan borrowers have received a total of P2.541-billion worth of loan relief from the National Home Mortgage Finance Corp. (NHMFC) as incentive for updating their payments of arrearranges, loan restructuring or full payment of their accounts.
This was announced by Housing Sec. Michael T. Defensor, chairman of the Housing and Urban Development Coordinating Council, and concurrent chairman of the NHMFC board of directors.
[DatePublished] => 2003-05-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[2] => Array
(
[ArticleID] => 199886
[Title] => NHMFC condones P2.5-B in loans as incentive to pay
[Summary] => Some 40,920 delinquent housing loan borrowers have received a total of P2.541-billion worth of loan relief from the National Home Mortgage Finance Corp. (NHMFC) as incentives for updating their payments of arrearages, loan restructuring or full payment of their accounts.
This was announced by Housing Secretary Michael Defensor, chairman of the Housing and Urban Development Coordinating Council, and concurrent chairman of the NHMFC board of directors.
[DatePublished] => 2003-03-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[3] => Array
(
[ArticleID] => 198119
[Title] => NHMFC extends deadline for waiver of loan penalty
[Summary] => Delinquent housing loan borrowers of the National Home Mortgage Finance Corp. (NHMFC) may still have their loan penalties waived up to Dec. 31 this year should they either fully pay, update loan arrearages or refinance their accounts, it was announced by lawyer Angelico T. Salud, NHMFC president.
[DatePublished] => 2003-03-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[4] => Array
(
[ArticleID] => 197242
[Title] => NHMFC extends loan penalty waiver period
[Summary] => Delinquent housing loan borrowers of the National Home Mortgage Finance Corp. (NHMFC) may still have their loan penalties waived up to Dec. 31 this year should they either fully pay, update loan arrearages or refinance their accounts.
This is following the approval by the NHMFC board of directors, headed by Housing Secretary Michael Defensor, of the extension of the implementation of the Housing Loan Condonation Act of 1998 (Republic Act 8501) to provide relief to homeowners adversely affected by current economic conditions, NHMFC president Angelico Salud said.
[DatePublished] => 2003-03-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[5] => Array
(
[ArticleID] => 127566
[Title] => Housing borrowers get P2 billion in loan relief
[Summary] => Economically-distressed housing borrowers have received a total of P2.18 billion in loan relief assistance from the National Home Mortgage Finance Corporation (NHMFC) through the agency’s implementation of Republic Act no. 8501, the Housing Loan Condonation Act of 1998, according to Lawyer Angelico T. Salud, NHMFC president.
[DatePublished] => 2001-07-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[6] => Array
(
[ArticleID] => 83572
[Title] => Housing loan relief expires on June 30
[Summary] => The National Home Mortgage Finance Corporation (NHMfC) has called on its some 200,000 housing loan borrowers to avail themselves of the agency’s loan penalty condonation program which is set to expire on June 30.
Lawyer Angelico Salud, NHMFC president, said that NHMFC will waive up to 100 percent of accumulated loan penalties on delinquent accounts, or proportionate to the loan arrearages to be updated.
[DatePublished] => 2001-06-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Science and Environment
[SectionUrl] => science-and-environment
[URL] =>
)
[7] => Array
(
[ArticleID] => 83529
[Title] => Housing body starts foreclosures
[Summary] => The National Home Mortgage Finance Corporation (NHMFC) said it will foreclose starting next month the mortgages on its housing loan accounts which are delinquent in payments for at least 24 months.
NHMFC president Angelico Salud said however, that prior to the filing of foreclosure proceedings, NHMFC will publish in major news dailies the list of delinquent borrowers to provide them due notice and enable them to update their accounts within 30 days from duplication and save their accounts from foreclosure.
[DatePublished] => 2001-06-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
)
)
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