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Posted by on Jun 5, 2015 in Corporate News, Press Room

BFS Social Case Window helps delinquent borrowers

BFS Social Case Window helps delinquent borrowers

(The Philippine Star) BFS, the mortgage servicer of 52,000 delinquent housing loans acquired from the National Home Mortgage Finance Corp., recognizes marginal cases where delinquent borrowers cannot pay the full amount of their loan obligations due to extreme poverty, old age, or serious medical conditions, among others, and who are unable to receive support from family members. The BFS Social Case Window program helps borrowers access more lenient financial options if borrowers applying under the program can adequately demonstrate their eligibility under the program’s coverage. Among those who have benefitted from the Social Window Case program are Vilma Dada, who was diagnosed with stage 3 breast cancer in 2012, Mimosa Famularcano who has been supporting her younger brother who was diagnose with lung cancer; Pascua Mendoza who suffered a financial setback when his wife suffered heart problems last year and had to earmark the funds for hospital bills, and many more. “These are only a few of the people reaching out to BFS to resolve their housing payments by...

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