Mortgage Philippines Latest Information

Mortgage Philippines Latest Information

Fitch Affirms GMAC Mortgage's Residential Primary & Special Servicer Ratings; Outlook Negative
Fitch Ratings has affirmed the following U.S. residential mortgage servicer ratings for GMAC Mortgage LLC as follows (These servicer ratings formerly were under the name of

Video: "Hidden" mortgage fee paying for payroll tax cut
An exclusive CBS News investigation finds new home buyers left holding the bag for the two-month extension of the payroll tax cuts. CBS News investigative correspondent Sharyl Attkisson reports.

$25B nationwide mortgage deal goes to states
The nation's five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes

She can sell her property through an agent
Dear PAO, My sister plans to sell her house and lot in Cavite. Since she is in Hong Kong for work, she asked me to take care of the sale of her properties and she left me with an authorization letter.

Bustos Assumes As NHMFC President
MANILA, Philippines — Dr. Felixberto U. Bustos Jr., has assumed his post as the new president of the National Home Mortgage Finance Corporation, a government shelter agency under the umbrella organization of the Housing and Urban Development Coordinating Council (HUDCC) headed by Vice President Jejomar C. Binay.

CA orders reopening of Banco Filipino
The Court of Appeals has ordered the reopening of Banco Filipino Savings and Mortgage Bank, and directed the Bangko Sentral ng Pilipinas and the Monetary Board to allow it to resume business.

Court of Appeals orders reopening of Banco Filipino
MANILA, Philippines - The Court of Appeals (CA) has ordered the reopening and rehabilitation of Banco Filipino Savings and Mortgage Bank, and directed the Bangko Sentral ng Pilipinas (BSP) to allow it to resume business.

Aquino receives P19.283-B dividend from GOCCs
President Benigno S. Aquino III received P19.283-billion representing dividend contributions from 21 Government-Owned and –Controlled Corporations (GOCC) in ceremonies marking GOCC governance day in Malacañang on Monday.

Reopen BF, court orders central bank
THE Court of Appeals has ordered the Bangko Sentral to reopen Banco Filipino Savings and Mortgage Bank and to lend it at least P25 billion within 30 days to allow it to recover quickly.

Chiz seeks review of Building Code
SENATOR Francis Escudero wants to mete out life sentence on government officials as well as private individuals who would violate “structural protocols” embodied in the National Building Code. He filed Senate Bill No. 2843 seeking a comprehensive review of the National Building Code to strengthen the government’s existing...

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