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The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
State of calamity, in the context of disaster management in the Philippines, refers to a status that could be declared widespread within the country, or certain localities, in response to a destructive, natural, or man-made disaster. This measures allows the release of "calamity funds" allocated to local governments and control the pricing of ...
The use of automated loan approvals allowed loans to be made without appropriate review and documentation. [102] In 2007, 40% of all subprime loans resulted from automated underwriting. [ 103 ] [ 104 ] The chairman of the Mortgage Bankers Association claimed that mortgage brokers, while profiting from the home loan boom, did not do enough to ...
This Fed rate is the benchmark that affects rates on deposit accounts, loans, mortgages, credit cards and other financial products. Typically, as the Fed rate rises, so do APYs on savings products ...
A price freeze was issued in areas placed under a state of calamity following the storm, covering important and local goods. [172] The Energy Regulatory Commission also ordered energy firms to suspend the disconnection of customers from the electrical grid and implement flexible bills payment schemes in affected areas until December 2024. [ 173 ]
These scams come in many forms, but follow one basic pattern: Someone claiming to be from the Canada Revenue Agency or the Internal Revenue Service will call or email and claim you owe back taxes ...
A synthetic CDO is a variation of a CDO (collateralized debt obligation) that generally uses credit default swaps and other derivatives to obtain its investment goals. [1] As such, it is a complex derivative financial security sometimes described as a bet on the performance of other mortgage (or other) products, rather than a real mortgage security. [2]
When the air rises, clouds form and create a narrow band, which produces lake-effect snow. It can drop about 2 to 3 inches of snow per hour while it lasts. Contributing: Erie Times-News.