Securitization gains NHMFC traction
In March, NHMFC successfully launched its seventh securitization offering, raising P1.3 billion through the issuance of NHMFC Bonds 2024.
Shelter financing firm National Home Mortgage Finance Corp. (NHMFC) continues to solidify its role as the country’s premier secondary mortgage institution, closing the first half of 2025 with landmark achievements in securitization, international cooperation and disaster relief for Filipino homeowners.
In March, NHMFC successfully launched its seventh securitization offering, raising P1.3 billion through the issuance of NHMFC Bonds 2024. Backed by 1,658 long-term, low-delinquency residential loans, the offering became the agency’s second-largest issuance since it began securitizing in 2009.
Land Bank of the Philippines served as the sole arranger and underwriter, while the Development Bank of the Philippines Trust Banking Group acted as the Special Purpose Trust administrator. Other key partners included the Philippine National Bank as trustee, auditing firm MOORE Roxas Tabamo, legal counsel MOSVELDTT, and credit rater PhilRatings, which assigned the senior tranche a PRS Aa- rating and the subordinated tranche a PRS Baa rating – both with a stable outlook.
NHMFC president Renato Tobias noted that the securitization “enhances liquidity in the housing finance market and provides investors with high-quality, asset-backed securities.”
Mortgage market global summit
NHMFC also played host to the first-ever Mortgage Market Global Summit in the Philippines, held in El Nido, Palawan, in partnership with the European Mortgage Federation – European Covered Bond Council (EMF-ECBC), the International Secondary Mortgage Market Association (ISMMA), and DBS Bank.
The event gathered leaders from top mortgage institutions in Europe, Japan, Malaysia and India to discuss sustainable housing finance, capital market development and global standards in mortgage-backed securities.
EMF secretary general Luca Bertalot lauded NHMFC’s efforts, saying, “This is probably one of the best events I have attended in my career. NHMFC has set a benchmark for how emerging economies can lead in mortgage finance innovation.”
The summit boosted the Philippines’ reputation as a key player in regional housing finance development.