NHMFC securitization program fuels housing finance

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With this mission, NHMFC has evolved through the years in developing groundbreaking financial instruments that enhance liquidity in the housing sector.

It is also in line with the corporation’s mandate, as a major government secondary home mortgage institution, to accelerate the recycling of funds in the housing sector through the purchase of mortgages from originators or developers, banks and other home lending institutions to serve as an asset pool for future securitization.

Added to this is the high loan to value ratio. Housing loan portfolios purchased under this program are pooled and subsequently used by NHMFC for bond issuance under the securitization framework. The securities from the bond issuance are eventually offered to the capital market as alternative investment facility for retail and institutional investors.Seven years later, the NHMFC conceptualized and rolled out the HLRPP-2 Socialized Housing Loan Take-out of Receivables Program .

 

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