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Posted by on Feb 3, 2017 in Loan Accounts News, Press Room

BFS Social Case Window

BFS Social Case Window

(The Philippine Star) Armando Camacho and his account specialist, shows off the title to his home which he was able to secure through BFS, the mortgage servicer of about 52,000 delinquent loans from the National Home Mortgage Finance Corp.  Camacho and his wife applied for BFS Social Case Window program for seriously disadvantaged borrowers since he is financially dependent on his children and needs to prioritize his diabetic wife’s maintenance medicine. BFS has resolved more than 35,000 accounts, thereby providing legitimate homeownership to more than 175,000 Filipinos and committing further 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 condonation of penalties and...

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...

Posted by on Mar 2, 2016 in Corporate News, Loan Accounts News, Press Room, Properties News

Investors clamor for pre-owned homes

Investors clamor for pre-owned homes

(Business Mirror) Acquiring pre-owned homes has become popular among first-time buyers, but BFS, the country’s only mortgage servicer and special asset management company for a portfolio of more than 52,000 delinquent loan accounts, has also noted an increase of purchases by investors. Federico Y. Cadiz, president of BFS, said there has been a marked increase in the number of homebuyers who refurbish the pre-owned homes and resell them because they are a viable investment option.  While BFS is company-of-choice among clients who hope to keep their homes through resolutions and loan restructuring, BFS also has a portfolio of properties which make for good investments. “Investors know that the values of real-estate property increase over time and BFS has made the foreclosed properties affordable, with easy payment schemes; that is why investors expect a good return,” Cadiz explained. BFS was set up precisely 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,...

Posted by on Feb 26, 2016 in Corporate News, Loan Accounts News, Press Room, Properties News

Investors join clamor for pre-owned homes

Investors join clamor for pre-owned homes

(The Philippine Star) Pre-owned homes are becoming a popular choice not only for first-time buyers but also for investors, a leading asset management company noted. BFS, the country’s only mortgage servicer and special asset management company for a portfolio of more than 52,000 delinquent loan accounts noted the heightened interest of investors for pre-owned homes. BFS president Federico Y. Cadiz said there has been a marked increase in the number of     homebuyers who refurbish the pre-owned homes and resell them because they are a viable investment option. While BFS is company of choice among clients who hope to keep their homes thru resolutions and loan restructuring, it also has a portfolio of properties which make for good investments. “Investors know that the values of real estate property increase over time and BFS has made the foreclosed properties affordable, with easy payment schemes; that is why investors expect a good return,” Cadiz said. BFS was set up to manage such a portfolio by establishing a mortgage platform which manages all...

Posted by on Feb 25, 2016 in Corporate News, Loan Accounts News, Press Room, Properties News

Investors clamor for pre-owned homes

Investors clamor for pre-owned homes

(Malaya) Acquiring pre-owned homes has become popular among first-time buyers, but BFS, the country’s only mortgage servicer and special asset management company for a portfolio of more than 52,000 delinquent loan accounts, has also noted an increase of purchases by investors. Federico Y. Cadiz, president of BFS, said there has been a marked increase in the number of homebuyers who refurbish the pre-owned homes and resell them because they are a viable investment option. “Investors know that the values of real estate property increase over time and BFS has made the foreclosed properties affordable, with easy payment schemes; that is why investors expect a good return,” Cadiz said. 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. Since 2005, BFS has provided homeownership for more than 30,000 Filipinos families around the country by helping them...

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