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                    [ArticleID] => 246257
                    [Title] => NHMFC prepares new bidding terms for P14-B bad housing loans
                    [Summary] => After the failure of the first bidding for some P14 billion of its bad housing loans, the National Housing and Mortgage Fund Corp. (NHMFC) is willing to reconsider its terms to make the offer more palatable to prospective buyers. 


Sources said that NHMFC has agreed to rethink its intention to retain 25 percent of the asset management company that would take over the bad loans when they are awarded to the winning bidder. 


                    [DatePublished] => 2004-04-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 242968
                    [Title] => NHMFC bad loans not qualified under SPV law
                    [Summary] => The sale of some P14-billion worth of bad loans of the National Housing and Mortgage Fund Corp. (NHMFC) is not qualified for incentives under the Special Purpose Vehicle Act (SPVA), the Bangko Sentral ng Pilipinas (BSP). 


The sale was expected to ultimately ease the bad loans portfolio of the entire banking system but since the selling entity was not a bank, the BSP said it would not qualify for incentives under the program. 


                    [DatePublished] => 2004-03-18 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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NATIONAL HOUSING AND MORTGAGE FUND CORP

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                    [ArticleID] => 246257
                    [Title] => NHMFC prepares new bidding terms for P14-B bad housing loans
                    [Summary] => After the failure of the first bidding for some P14 billion of its bad housing loans, the National Housing and Mortgage Fund Corp. (NHMFC) is willing to reconsider its terms to make the offer more palatable to prospective buyers. 


Sources said that NHMFC has agreed to rethink its intention to retain 25 percent of the asset management company that would take over the bad loans when they are awarded to the winning bidder. 


                    [DatePublished] => 2004-04-15 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 242968
                    [Title] => NHMFC bad loans not qualified under SPV law
                    [Summary] => The sale of some P14-billion worth of bad loans of the National Housing and Mortgage Fund Corp. (NHMFC) is not qualified for incentives under the Special Purpose Vehicle Act (SPVA), the Bangko Sentral ng Pilipinas (BSP). 


The sale was expected to ultimately ease the bad loans portfolio of the entire banking system but since the selling entity was not a bank, the BSP said it would not qualify for incentives under the program. 


                    [DatePublished] => 2004-03-18 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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abtest

NHMFC prepares new bidding terms for P14-B bad housing loans

By Des Ferriols | April 15, 2004 - 12:00am

After the failure of the first bidding for some P14 billion of its bad housing loans, the National Housing and Mortgage Fund Corp. (NHMFC) is willing to reconsider its terms to make the offer more palatable to prospective...

Business

NHMFC bad loans not qualified under SPV law

By Des Ferriols | March 18, 2004 - 12:00am

The sale of some P14-billion worth of bad loans of the National Housing and Mortgage Fund Corp. (NHMFC) is not qualified for incentives under the Special Purpose Vehicle Act (SPVA), the Bangko Sentral ng Pilipinas...

Business