Department of Human Settlements and Urban Development Secretary Jose Rizalino “Jerry” Acuzar announced that the compliance Asset-Backed Securities (ABS) of the NHMFC has been recently approved by the Securities and Exchange Commission (SEC). Know more:
Department of Human Settlements and Urban Development Secretary Jose Rizalino “Jerry” Acuzar announced that the compliance Asset-Backed Securities of the National Home Mortgage Finance Corporation has been recently approved by the Securities and Exchange Commission . This is the latest securitization offering of the NHMFC and is now available for offering to housing developers.
“Investment in this Asset-Backed Securities entails full compliance to the Balanced Housing Development Program. This is in contrast to other modes of available compliance such as the Incentivized Compliance Program that only merits provisional compliance to the BHDP, subject to the completion of the development project,” Secretary Acuzar said.
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