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Posted by on Mar 31, 2018 in Corporate News

Mortgage Servicing Provider BFS Builds Future for the Country’s Next Homeowners

Mortgage Servicing Provider BFS Builds Future for the Country’s Next Homeowners

The South China Morning Post   Real estate is booming in the Philippines, where strong macroeconomic fundamentals, sustained robust growth and a rosy economic forecast are inspiring home ownership confidence among the country’s young, expanding middle-class population. With steady demand fuelling the growth of local real estate loans, which amounted to more than US$26 billion in the first quarter of 2016, pioneering multinational mortgage servicing specialist Bahay Financial Services (BFS) sees itself playing a crucial role in shaping the country’s socio-economic trajectory. As the Philippines’ first and only independent mortgage servicer, BFS promotes liquidity in capital markets by helping corporate and government clients effectively manage loan accounts.  Through a comprehensive platform of mortgage services – and an aptitude for resolving non-performing loan portfolios – the company provides even-handed solutions to mitigate debtor and creditor issues. “A home is the most important investment, and it can only be affordably financed by monthly amortisations. But that’s not going to happen without the infrastructure that assures liquidity – and that’s our business...

Posted by on Apr 17, 2016 in Corporate News, Press Room

BFS donates to PCPI

BFS donates to PCPI

(Bandera) Bahay Financial Service (BFS), a pioneering mortgage firm that is the provider of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, recently donated computer units to the Philippine Cerebral Palsy Inc. (PCPI) to help its staff perform administrative work, as well as help with patients’ therapies. PCPI is a foundation dedicated to the treatment and alleviation of cerebral palsy and related motor disorders in the Philippines. Located in Makati, the PCPI aims to rehabilitate and provide treatment for individuals with cerebral palsy and other motor-related disorders.  The center provides free occupational and physical therapy to patients, as well as workshops and programs on proper home care for individuals with the disorder.  The organization also holds events and workshops specifically tailored to cerebral palsy patients to help them maximize their full potential. Since 2005, BFS has provided homeownership for more than 30,000 Filipino families around the country by helping them reacquire their homes through convenient means.  BFS has a long list of properties in key cities around...

Posted by on Apr 16, 2016 in Corporate News

BFS donates to PCPI

BFS donates to PCPI

(People’s Journal) Bahay Financial Service (BFS), a pioneering mortgage firm that is the provider of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, recently donated computer units to the Philippine Cerebral Palsy Inc. (PCPI) to help its staff perform administrative work, as well as help with patients’ therapies. PCPI is a foundation dedicated to the treatment and alleviation of cerebral palsy and related motor disorders in the Philippines. Located in Makati, the PCPI aims to rehabilitate and provide treatment for individuals with cerebral palsy and other motor-related disorders.  The center provides free occupational and physical therapy to patients, as well as workshops and programs on proper home care for individuals with the disorder.  The organization also holds events and workshops specifically tailored to cerebral palsy patients to help them maximize their full potential. Since 2005, BFS has provided homeownership for more than 30,000 Filipino families around the country by helping them reacquire their homes through convenient means.  BFS has a long list of properties in key cities...

Posted by on Apr 16, 2016 in Corporate News

BFS donates to PCPI

BFS donates to PCPI

(PJ Tonight) Bahay Financial Service (BFS), a pioneering mortgage firm that is the provider of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, recently donated computer units to the Philippine Cerebral Palsy Inc. (PCPI) to help its staff perform administrative work, as well as help with patients’ therapies. PCPI is a foundation dedicated to the treatment and alleviation of cerebral palsy and related motor disorders in the Philippines. Located in Makati, the PCPI aims to rehabilitate and provide treatment for individuals with cerebral palsy and other motor-related disorders.  The center provides free occupational and physical therapy to patients, as well as workshops and programs on proper home care for individuals with the disorder.  The organization also holds events and workshops specifically tailored to cerebral palsy patients to help them maximize their full potential. Since 2005, BFS has provided homeownership for more than 25,000 Filipino families around the country by helping them reacquire their homes through convenient means.  BFS has a long list of properties in key cities...

Posted by on Apr 13, 2016 in Corporate News, Loan Accounts News

BFS helps homeowners keep their homes

BFS helps homeowners keep their homes

(Business Mirror) Losing one’s home can be heartbreaking and Bahay Financial Services (BFS), the mortgage servicer of 52,000 delinquent housing loans acquired from the National Home Mortgage Finance Corp., knows this very well.  BFS’s Social Case Window program assists delinquent borrowers in settling payments of their loan obligation.  Borrowers may apply for the program for cases such as extreme poverty or serious medical conditions to avail themselves of lenient financial options. Among the borrowers that have benefited from the program are Jessica Garcia, a teacher and tutor from Zamboanga City who was able to settle P314,000 in loans for her parents’ home; Wilson Co, whose wife was widowed and for whom BFS helped settle his P86,000 loan; Gregorio Ybanez Jr., a cable installer from Mindanao who was able to receive a P5,000 discount on his loan; and Wilfredo Fernando, a welder from Batangas who was saved from eviction and was able to buy the home he and his family are living in, thanks to a deal from BFS. “These...

Posted by on Mar 8, 2016 in Corporate News, Loan Accounts News, Press Room, Properties News

New start for couple

New start for couple

(Manila Bulletin) Romeo and Rebecca Calza (in photo, left) are new happy homeowners with the help of BFS, the mortgage servicer of more than 52,000 Balikatan delinquent loans from the National Home Mortgage Finance Corporation.  BFS now has the reputation of having more than 60% of the total number of delinquent loans resolved.  A BFS Account Specialist guided the couple through the correct procedure of getting their new property, which they could finally pay for even with tuition payments for their children.  Then company has committed to offering Balikatan borrowers with different financial options to avoid foreclosure.  These include basing resolution amounts on current appraised values instead of outstanding principal balance and partial condoning of penalties and...

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