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Posted by on Oct 31, 2014 in Corporate News, Press Room, Properties News

Husband and Wife

Husband and Wife

(Bandera) Husband and wife, Mr. and Mrs. Marneli Respicio are now a part of many homebuyers who have been assisted by BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation with more than half of the total number resolved since 2006. Through BFS full-service assistance, the Respicios are able to acquire a property they can now call truly their...

Posted by on Oct 24, 2014 in Corporate News, Loan Accounts News

BFS resolves 28,000 soured loans

BFS resolves 28,000 soured loans

(Philippine Star) Manila, Philippines – BFS, the country’s only mortgage servicer and special asset management company has resolved about 28,000 accounts from a portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corp. (NHMFC) as of July 2014. This was revealed by BFS president Federico Cadiz, adding that BFS has also provided housing to more than 110,000 and recovered P10 billion for its share holders. BFS’s flexible payment schemes have helped in the solution of the defaulted loan cases to provide fast and instant home equity to its customers. For instance, instead of including total interest and penalties on property loans, BFS bases the recoverable value of the property on the regular appraisals while disregarding the many penalties a customer may incur. “BFS is committed to optimize the recovery of their shareholders while providing hand-in-hand fair and equitable packages to its borrowers and buyers. BFS has a proven track record with its program by recovering more than 50 percent of its total portfolio. ...

Posted by on Oct 24, 2014 in Corporate News, Press Room

BFS resolves 28,000 soured loans

BFS resolves 28,000 soured loans

(Philippine Star) BFS, the country’s only mortgage servicer and special asset management company  has resolved about 28,000 accounts as from a portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corp. (NHMFC) as of July 2014. This was revealed by BFS president Federico Cadiz, adding that BFS has also provided housing to more than 110,000 and recovered P10 billion for its shareholders.  BFS’s flexible payment schemes have helped in the solution of the defaulted loan cases to provide fast and instant home equity to its customers.  For instance, instead of including total interest and penalties on property loans, BFS, bases the recoverable value of the property on the regular appraisals while disregarding the many penalties a customer may incur. “BFS is committed to optimize the recovery of their shareholders while providing hand-in-hand fair and equitable packages to its borrowers and buyers. BFS has a proven track record with its program by recovering more than 50 percent of its total portfolio.  In providing liquidity...

Posted by on Oct 22, 2014 in Corporate News, Loan Accounts News, Press Room

Happy Homeowner

Happy Homeowner

(Peoples’ Journal Tonight) Brigida Dorado shows off her property title after acquiring it through the help of Bahay Financial Services (BFS).  Since 2006, BFS is the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation with more than half of the total number resolved.  BFS provided proper procedures on how to pay debts so borrowers can finally resolve their loans and acquire their homes.  BFS has branches throughout the Philippines and an outreach program of various communication channels to reach customers. For your mortgage and special servicing needs, you may contact BFS through 02.756.6234 or via email at...

Posted by on Oct 20, 2014 in Corporate News, Press Room

Handling loan portfolios, the BFS way

Handling loan portfolios, the BFS way

(Manila Bulletin) There are many challenges to handling a non-performing loan portfolio.  But it takes a no-frills IT-driven system and dedicated account specialists to simplify the process and serve the needs of delinquent borrowers,” says Federico Cadiz, president of BFS, a mortgage servicer and special asset management company for a portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC).  BFS was set up to manage such a portfolio by establishing a mortgage platform which manages all core competencies for servicing including loan origination, loan underwriting, loan servicing, credit management, valuation, default management, loss mitigation, property management and sales, and secondary market distribution.  Operating for eight years now, BFS has provided home ownership for more than 25,000 Filipinos families around the country by helping them reacquire their homes through convenient means. Balikatan account holders may visit any of the BFS offices in Makati, Alabang and Davao. They may also call BFS through trunk lines (02) 756-6230 / 750-3888, call the Davao office...

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