Homeowners affected by typhoon get reprieve

(Manila Bulletin)

Homeowners whose properties were damaged by typhoon Glenda have received a reprieve from mortgage servicer Bahay Financial Services (BFS), the country’s only 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 Corp. (NHMFC).

Setting a number of cases resolved in the last two months, BFS resolved a total of 442 cases – 222, in June and 220 in July, through flexible terms and convenient means to safeguard ownership of homes.

BFS exhausts all possible means to a “home fix” by coming up with special rates and offers on a case-to-case basis to provide sound advice to clients for speedy case resolutions. Well-trained and equipped to handle cases, BFS, account specialists work to offer to the borrowers the best solution to keep their homes.