Professional Documents
Culture Documents
Objectives
1. Discuss the role and function of the National Home Mortgage Finance Corporation
(NHMFC) as a key shelter agency of the Department of Human Settlements and Urban
Development.
The National Home Mortgage Finance Corporation 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.
NHMFC is the government's premiere Secondary Mortgage Institution (SMI)
Reference 1: https://nhmfc.gov.ph/