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                    [ArticleID] => 310877
                    [Title] => NHMFC pays housing loans
                    [Summary] => The National Home Mortgage Finance Corp. (NHMFC) reportedly remitted a total of P3.762 billion to the Social Security System (SSS) and the Home Development Mutual Fund (HDMF or Pag-IBIG Fund).


The amount represents NHMFC’s pro-rata shares in the proceeds of the sale of non-performing loans (NPLs) sold to a special purpose entity- the Balikatan Housing Finance Corp. Inc. (BHFCI).


The bad loan sale consists of low-cost housing mortgages created from the grant of housing loans by NHMFC using wholesale funds lent to it by SSS and Pag-IBIG Fund. 


                    [DatePublished] => 2005-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                (
                    [ArticleID] => 286171
                    [Title] => ADB backs sale of banks’ bad loans, assets
                    [Summary] => The Asian Development Bank (ADB) said yesterday it has approved a local currency loan to finance the purchase of a portfolio of non-performing loans and assets from Equitable PCI Bank and Equitable Savings Bank of the Philippines by a special purpose group. 


The size of the loan was not disclosed at the request of the special purpose vehicle, Cameron Granville Asset Management, the ADB’s principal structured finance specialist William Willms told AFP. 


                    [DatePublished] => 2005-07-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 250713
                    [Title] => Deutsche Bank affiliate lauds successful NHMFC bidding
                    [Summary] => DB Real Estate Global Opportunities IB LP, the investment fund affiliated with Germany’s Deutsche Bank AG, has expressed satisfaction over its successful bid for mortgages sold recently by the National Home Mortgage Finance Corp. (NHMFC).


DB Real Estate is purchasing a 51-percent interest in the loans from NHMFC and has agreed to form a special purpose vehicle (SPV) to manage the restructuring and collection of the loans.


                    [DatePublished] => 2004-05-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 250524
                    [Title] => NHMFC sells P13.4-B housing NPLs
                    [Summary] => The National Home Mortgage Finance Corp. (NHMFC) said yesterday it has sold P13.4-billion worth of  non-performing residential mortgage loans to DB Real Estate Global Opportunities, an investment fund affiliated with the Deutsche Bank AG.
                    [DatePublished] => 2004-05-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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REAL ESTATE GLOBAL OPPORTUNITIES

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    [results] => Array
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                    [ArticleID] => 310877
                    [Title] => NHMFC pays housing loans
                    [Summary] => The National Home Mortgage Finance Corp. (NHMFC) reportedly remitted a total of P3.762 billion to the Social Security System (SSS) and the Home Development Mutual Fund (HDMF or Pag-IBIG Fund).


The amount represents NHMFC’s pro-rata shares in the proceeds of the sale of non-performing loans (NPLs) sold to a special purpose entity- the Balikatan Housing Finance Corp. Inc. (BHFCI).


The bad loan sale consists of low-cost housing mortgages created from the grant of housing loans by NHMFC using wholesale funds lent to it by SSS and Pag-IBIG Fund. 


                    [DatePublished] => 2005-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                (
                    [ArticleID] => 286171
                    [Title] => ADB backs sale of banks’ bad loans, assets
                    [Summary] => The Asian Development Bank (ADB) said yesterday it has approved a local currency loan to finance the purchase of a portfolio of non-performing loans and assets from Equitable PCI Bank and Equitable Savings Bank of the Philippines by a special purpose group. 


The size of the loan was not disclosed at the request of the special purpose vehicle, Cameron Granville Asset Management, the ADB’s principal structured finance specialist William Willms told AFP. 


                    [DatePublished] => 2005-07-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 250713
                    [Title] => Deutsche Bank affiliate lauds successful NHMFC bidding
                    [Summary] => DB Real Estate Global Opportunities IB LP, the investment fund affiliated with Germany’s Deutsche Bank AG, has expressed satisfaction over its successful bid for mortgages sold recently by the National Home Mortgage Finance Corp. (NHMFC).


DB Real Estate is purchasing a 51-percent interest in the loans from NHMFC and has agreed to form a special purpose vehicle (SPV) to manage the restructuring and collection of the loans.


                    [DatePublished] => 2004-05-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 250524
                    [Title] => NHMFC sells P13.4-B housing NPLs
                    [Summary] => The National Home Mortgage Finance Corp. (NHMFC) said yesterday it has sold P13.4-billion worth of  non-performing residential mortgage loans to DB Real Estate Global Opportunities, an investment fund affiliated with the Deutsche Bank AG.
                    [DatePublished] => 2004-05-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

NHMFC pays housing loans

December 6, 2005 - 12:00am

The National Home Mortgage Finance Corp. (NHMFC) reportedly remitted a total of P3.762 billion to the Social Security System (SSS) and the Home Development Mutual Fund (HDMF or Pag-IBIG Fund). The amount represents...

Banking

ADB backs sale of banks’ bad loans, assets

July 13, 2005 - 12:00am

The Asian Development Bank (ADB) said yesterday it has approved a local currency loan to finance the purchase of a portfolio of non-performing loans and assets from Equitable PCI Bank and Equitable Savings Bank of...

Business

Deutsche Bank affiliate lauds successful NHMFC bidding

By Donnabelle L. Gatdula | May 20, 2004 - 12:00am

DB Real Estate Global Opportunities IB LP, the investment fund affiliated with Germany’s Deutsche Bank AG, has expressed satisfaction over its successful bid for mortgages sold recently by the National Home...

Business

NHMFC sells P13.4-B housing NPLs

By Donnabelle L. Gatdula | May 19, 2004 - 12:00am

The National Home Mortgage Finance Corp. (NHMFC) said yesterday it has sold P13.4-billion worth of non-performing residential mortgage loans to DB Real Estate Global Opportunities, an investment fund affiliated...

Business