Home Development Mutual Fund/Pag-IBIG Fund(HDMF)

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Date: Jan. 27, 2025, 5:12 p.m.

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Date: 2025-01-28 08:57:31.437235

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Date: 2025-02-17 13:41:54.331526

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Housing Loan Delinquency and Default Rate

Published by Home Development Mutual Fund/Pag-IBIG Fund(HDMF) on Jan. 27, 2025.
Requested from HDMF by W. Racelis at 05:12 PM on Jan. 27, 2025.
Purpose: Research study
Tracking no: #HDMF-624969623398

W.RACELIS Jan. 27, 2025, 5:12 p.m.

Please send me a report on Pag-Ibig Home Loan delinquency and default rates as well as foreclosures for the period 2020-2024. I need this information for research on housing sector challenges and issues.

F.OFFICER Jan. 28, 2025, 8:57 a.m.

28 January 2025

Dear Requestor,

This refers to your FOI request received on 27 January 2025 via eFOI Portal of the Home Development Mutual Fund (Fund) wherein you are requesting for the Report on Pag-IBIG Home Loan Delinquency, Default Rates, and Foreclosures for the year 2020-2024.

In view of the foregoing, pursuant to the procedures outlined in the Pag-IBIG Fund's Freedom of Information Manual and Executive Order No. 2, s. 2016, we kindly request that you provide us with a copy of your valid Philippine issued ID for proper identification and our records purposes. Kindly send the scanned copy of your valid ID to [email protected]

Also, after submitting the requirements above, please be informed that your request will still undergo proper evaluation by various operating units concerned thus, an additional time is needed by our Office.

In compliance with Section 6.6.1 of the Anti-Red Tape Authority (ARTA) Memorandum Circular No. 2019-002, series of 2019 entitled Guidelines on the Implementation of the Citizen’s Charter in Compliance with Republic Act 11032, otherwise known as the “Ease of Doing Business and Efficient Government Service Delivery Act of 2018,” and Its Implementing Rules and Regulations, may we kindly request your thoughts or feedback on how we can improve your experience by filling out the Feedback Form in this link: https://forms.office.com/r/A652CzriXW

Thank you.

eFOI Receiving Officer

W.RACELIS Feb. 4, 2025, 9:41 p.m.

Please see attached copy of National ID

Attachments:

F.OFFICER Feb. 17, 2025, 1:37 p.m.

February 17, 2025 05:36 AM

Dear Requestor,

Mabuhay!

Thank you for utilizing the eFOI portal (www.foi.gov.ph) and exercising your right to information under Executive Order No. 2, s. 2016 on Freedom of Information in the Executive Branch.

We have received your request on Housing Loan Delinquency and Default Rate, dated Jan. 27, 2025. We will respond and process your request on or before today, in compliance with the Executive Order’s implementing rules and regulations.

Should you have any questions regarding this request, kindly contact me using the reply function on the eFOI portal at ticket number #HDMF-624969623398.

Further, please be advised that this is a public site, and any information shared in this conversation thread will be visible to the public. Therefore, we kindly request that you refrain from disclosing any sensitive personal information or data in this thread.

Thank you.

Respectfully,

eFoi Receiving Officer

A.GERON Feb. 17, 2025, 1:41 p.m.

17 February 2025

Dear Requestor,

This refers to your eFOI request received on 27 January 2025 via the eFOI portal of the Home Development Mutual Fund (Fund) wherein you are inquiring about the delinquency, default, and foreclosure rates for the period 2020-2024.

We deemed it proper to raise the matter to the Operating Unit Concerned (OUC) – the Loans Operations Sector, through Mr. Chris Arbert A. Sio, the Acting Assistant Department Manager I of the Housing Operations Support Unit. Per the OUC, the Fund does not have readily available data on the delinquency, default, and foreclosure rates for the period from 2020 to 2024. However, below is the historical Performing Loans Ratio (PLR) of the Fund over the past five years, with the complementary rate serving as the delinquency/default rate for the Fund.

The OUC has provided the Historical Performing Loans Ratio of the Fund 2020-2024 for your reference.

Year Performing Loans Ratio

2020 87.17%

2021 88.25%

2022 90.69%

2023 92.84%

2024 93.72%

In compliance with Section 6.6.1 of the Anti-Red Tape Authority (ARTA) Memorandum Circular No. 2019-002, series of 2019 entitled Guidelines on the Implementation of the Citizen’s Charter in Compliance with Republic Act 11032, otherwise known as the “Ease of Doing Business and Efficient Government Service Delivery Act of 2018,” and Its Implementing Rules and Regulations, may we kindly request your thoughts or feedback on how we can improve your experience by filling out the Feedback Form in this link: https://forms.office.com/r/A652CzriXW.

Thank you.

Very truly yours,

ATTY. RONALDO A. GERON

FOI Decision Maker

Vice President, Corporate Board Secretary and Head of Compliance Office

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