National Home Mortgage Finance Corporation
Financial Services - Makati, Metro Manila, Philippines
National Home Mortgage Finance Corporation Employees
National Home Mortgage Finance Corporation Details
The National Home Mortgage Finance Corporation (NHMFC) is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development (DHSUD) of the Philippines tasked to operate a viable secondary home mortgage market.The NHMFC was created in 1977 by virtue of Presidential Decree 1267, with the mandate of increasing the availability of affordable housing loans to finance the Filipino homebuyer's on their acquisition of housing units through the development and operation of a secondary market for home mortgages. Consistent with this mandate NHMFC bought mortgages originated by private financial institutions and eventually sold them back to the public through the issuance of mortgage backed financial instruments.
