The National Home Mortgage Finance Corp. (NHMFC) on Wednesday announced the implementation of a one-month moratorium on the monthly amortization payments of housing loan borrowers affected by Typhoon Carina and the enhanced southwest monsoon.
NHMFC said this is part of its efforts to provide relief to its customers and in accordance with the Integrated Disaster Shelter Assistance Program (IDSAP) of the Department of Human Settlements and Urban Development (DHSUD).
NHMFC president Renato Tobias issued Corporate Circular No. 093 on July 26, 2024 ordering the collection and accounts management group (CAMG) to determine housing loan borrowers whose properties are located in cities or municipalities that were placed under state of calamity.
Borrowers from the typhoon-affected areas are automatically qualified for moratorium, subject to NHMFC’s internal rules and regulations.
Meanwhile, borrowers who opt to settle their amortizations while their account is in moratorium may still pay through NHMFC offices, collection partners, via the online payment facility in the NHMFC website, Gcash or Maya app.
