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The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG (Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, [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 shelter financing for Filipinos.
Official logo of the Pambansang Pabahay Para sa Pilipino (4PH) Program. The Pambansang Pabahay Para sa Pilipino Program (lit. 'National Housing for the Filipino Program'), also known as the 4PH Program, is the national housing program of the Philippines. It was launched in September 2022 with the goal of having zero informal settlers by 2028. [1]
Lee was accused of devising ghost borrowers to gain ₱6.6 billion worth of housing loans from Pag-IBIG Fund. [4] The land title of the building was transferred to RCBC in December 2010. [5] In May 2014, DoubleDragon Properties began efforts to acquire the building from the Rizal Commercial Banking Corporation. [5]
The Department of Human Settlements and Urban Development (Filipino: Kagawaran ng Pananahanang Pantao at Pagpapaunlad ng Kalunsuran), abbreviated as DHSUD, is the executive department of the Philippine government responsible for the management of housing and related development in the Philippines. [2] The department is led by the Secretary of ...
Home Development Mutual Fund (HDMF or Pag-IBIG) This agency allows provides housing loans with low interest, payable up to 30 years. [4] Private and public firms are also mandated to contribute to the fund on behalf of all its regular employees (RA 7835). 13th month pay, service leaves, medicare and maternity benefits, etc., union dues (if any)
The Unified Multi-Purpose ID (UMID) is a Philippine identity card that was introduced in 2010. [2] The card was developed as a single card for the relations between several government-related agencies. The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance System (GSIS), the ...
Participation loans are loans made by multiple lenders to a single borrower. It is similar to syndicated loan but each lender passes the funds to the lead financial institution which provides the loan to the lender. Several banks, for example, might chip in to fund one extremely large loan, with one of the banks taking the role of the "lead ...
On Monday, rising recession concerns, combined with a sell-off overseas, initiated a volatility spike and sent stocks tumbling, with the S&P 500 falling 3%. On Thursday, stocks mounted their best ...