NHMFC Grants Moratorium for Borrowers Affected by Crising

The National Home Mortgage Finance Corporation (NHMFC) granted a one-month moratorium on amortization payments for housing loan borrowers affected by Tropical Storm Crising.

- Elizabeth Marcelo

The implementation of the moratorium is in accordance with the directive of the Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling, for the government's key shelter agencies to exhaust all ways to assist typhoon victims and to immediately implement the same at the soonest possible time.

"We are committed to supporting our housing loan borrowers during this challenging time, and this moratorium is one of the concrete steps we are taking to align with the efforts of President Marcos and Secretary Aliling to immediately bring much-needed relief to our affected communities," NHMFC president Renato Tobias said.

"This relief aims to ease the financial burden of affected families while they recover from the disaster," Tobias added.