jhenares | BFS Corporate

Posted by jhenares on Oct 22, 2014 in Corporate News, Loan Accounts News, Press Room

Happy Homeowner

(Peoples’ Journal Tonight) Brigida Dorado shows off her property title after acquiring it through the help of Bahay Financial Services (BFS). Since 2006, BFS is the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation with more than half of the total number resolved. BFS provided proper procedures on how to pay debts so borrowers can finally resolve their loans and acquire their homes. BFS has branches throughout the Philippines and an outreach program of various communication channels to reach customers. For your mortgage and special servicing needs, you may contact BFS through 02.756.6234 or via email at...

Posted by jhenares on Oct 20, 2014 in Corporate News, Press Room

Handling loan portfolios, the BFS way

(Manila Bulletin) There are many challenges to handling a non-performing loan portfolio. But it takes a no-frills IT-driven system and dedicated account specialists to simplify the process and serve the needs of delinquent borrowers,” says Federico Cadiz, president of BFS, a 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 Corporation (NHMFC). 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. Operating for eight years now, BFS has provided home ownership for more than 25,000 Filipinos families around the country by helping them reacquire their homes through convenient means. Balikatan account holders may visit any of the BFS offices in Makati, Alabang and Davao. They may also call BFS through trunk lines (02) 756-6230 / 750-3888, call the Davao office...

Posted by jhenares on Oct 14, 2014 in Corporate News, Press Room

BFS reaches out to Mindanao home loan borrowers

(People’s Journal Tonight) BFS has intensified its campaign to help homeowners with delinquent loan payments in Mindanao to avoid foreclosure. A mortgage service and special management company, BFS has recently reached out to delinquent loan borrowers in Southern Mindanao (Compostela Valley, Davao Del Norte, Davao del Sur, and Davao Oriental), Northern Mindanao ( Bukidnon, Lanao del Norte, Misamis Oriental), Central Mindanao (North Cotabato, Sultan Kudarat), CARAGA (Agusan Del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur), Western Mindanao (Basilan, Misamis Occidental, Zambonga del Norte, Zambonga del Sur) and the Autonomous Region of Muslim Mindanao or ARMM (Maguindanao, Sulu and Tawi-Tawi). BFS handles the Balikatan portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). Priorities such as payment of children’s tuition fees, seed money for business, and placement fees for family members with OFWs are the reasons given for delinquent payments. “What we are most concerned about is that some of them said they do not know where the amortization...

Posted by jhenares on Oct 13, 2014 in Corporate News, Press Room

Pre-owned homes a hit among investors

(Manila Bulletin) BFS, a mortgage servicer and special asset management company for a portfolio of more than 52,000 highly delinquent loan accounts, has noted an increase of purchases by investors. Federico Y. Cadiz, president of BFS, says there has been a marked increase in the number of home buyers who refurbish the pre-owned homes and resell them because they are a viable investment option. While BFS is one of the top choices among clients who hope to keep their homes through resolution and loan restructuring, BFS also has a portfolio of properties that make for good investments. “Investors know that the value of real estate property increases over time and BFS has made the foreclosed properties affordable, with easy payment schemes. That is why investors expect a good return,” explains Cadiz. Since 2005, BFS has provided home ownership for more than 25,000 Filipinos families around the country by helping them reacquire their homes through convenient means. Visit any of the BFS offices in Makati, Alabang, and Davao, or call...

Posted by jhenares on Oct 3, 2014 in Corporate News, Press Room

BFS reprieves typhoon-hit homeowners

(Philippine Star) Bahay Financial Services (BFS), the country’s only mortgage servicer and special asset management company handling a portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corp. (NHMFC), has granted reprieve to homeowners whose properties were damaged by Typhoon Glenda. 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. “On fortuitous events we have to be more flexible to borrowers. We work together to keep their homes and we are well-equipped to accommodate their needs,” said BFS president Federico Y. Cadiz. 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 resolutions to keep their homes. ...