The National Home Mortgage Finance Corporation (NHMFC) and China Banking Corp. signed an agreement to explore opportunities to increase liquidity in the housing market.
“This endeavor is to deepen the relationship between NHMFC and Chinabank,” NHMFC president Tobias said.
“This initiative between NHMFC and Chinabank symbolizes a concerted effort to foster a more resilient housing market, poised to address the evolving needs of Filipino homeowners,” Tobias said.
NHMFC, one of the key shelter agencies under the Department of Human Settlements and Urban Development, is mandated to provide liquidity in the housing sector through the secondary mortgage market.
Tobias signed the agreement with Chinabank executives and other officials of NHMFC.
Among those who attended the event from Chinabank were institutional banking segment head Lilian Yu, consumer banking segment head Aloysius Alday and vice president Antonio Jose Dominguez.
NHMFC officials headed by Tobias, securitization group vice president Maria Luisa Favila, acting corporate secretary Joshua Emmanuel Cariño, Gaudencio Hernandez, Joel Macalincag and Josephine Sarangaya represented the state-run agency.
