TwitterFacebookRss
Pages Menu

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 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 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...

Most recent articles