Pag-IBIG Fund releases record-high P44B home loans in H1 2021, up 113%

Pag-IBIG Fund releases record-high P44B home loans in H1 2021, up 113%.....»»

Category: lifestyleSource: abscbn abscbnJul 26th, 2021

Pag-IBIG housing loans more than double in H1

Despite the pandemic, Pag-IBIG Fund achieved another record by releasing over P44 billion in home loans in the first half of 2021, its top officials said......»»

Category: financeSource:  philstarRelated NewsJul 10th, 2021

Pag-IBIG MP2, home loans hit record-high in 4 months

Pag-IBIG Fund achieved milestones in the first four months as members availed of its voluntary savings program and housing loan program in record numbers despite the ongoing health crisis, top officials of the agency said......»»

Category: financeSource:  philstarRelated NewsJun 9th, 2021

Pag-IBIG housing loans hit record high in December

Housing loans released by the Home Development Mutual Fund, also known as the Pag-IBIG Fund, hit P12.11 billion in December, the highest ever made in a single month......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2021

Pag-IBIG home loan releases hit P12.1b in December

Pag-IBIG Fund’s home loan releases hit a record-high in December as disbursement reached P12.11 billion despite the economic downturn caused by the COVID-19 pandemic, top officials of the agency said Wednesday......»»

Category: financeSource:  thestandardRelated NewsJan 28th, 2021

Pag-IBIG home loan releases hit record-high P12.11B in December

Pag-IBIG Fund home loan releases hit a record-high in December as disbursement reached P12.11 billion despite the economic downturn caused by the Covid-19 pandemic, top officials of the agency announced on Wednesday. This amount is P640 million higher, or a six percent increase, from the previous record of P11.47B that was set in December 2019. […] The post Pag-IBIG home loan releases hit record-high P12.11B in December appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJan 28th, 2021

Pag-IBIG MP2 Savings hits record P6.7 billion in Q1

ValenciaAmid continued uncertainties caused by the pandemic, members of the Home Development Mutual Fund placed more cash in the MP2 Savings Program, boosting savings to a record high of P6.7 billion in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2021

Pag-IBIG home loan releases up 33% in Q1

Demand for home loans remained robust despite the pandemic as seen in the 33 percent year-on-year growth of home loan releases by state-run Home Development Mutual Fund in the first quarter......»»

Category: financeSource:  philstarRelated NewsApr 15th, 2021

Pag-IBIG Fund finances new homes, up 99%

Pag-IBIG Fund extended socialized housing loans to 10,640 members from the minimum-wage and low-income sectors in the first half of 2021 despite the continuing pandemic, according to top officials......»»

Category: financeSource:  philstarRelated NewsJul 27th, 2021

Pag-IBIG MP2 Savings double to record P10.4 billion in 5 months

Pag-IBIG Fund members collectively saved P10.67 billion under the agency’s voluntary Modified Pag-IBIG 2 Savings program in the first five months of the year, setting another record high despite the ongoing health crisis, top officials of the agency said......»»

Category: financeSource:  philstarRelated NewsJun 26th, 2021

Pandemic funding bloats gov t debt to new record high in April

The government continued to accumulate more debts in April to hit a new peak, driven by fresh borrowings at home and abroad to fund the country’s ballooning pandemic expenses......»»

Category: financeSource:  philstarRelated NewsJun 3rd, 2021

GSIS releases record P110-b worth of loans

State-run pension fund Government Service Insurance System said Tuesday it disbursed a record P110 billion under the GSIS Financial Assistance Loan program since its launch in May 2018, a top executive said Tuesday......»»

Category: financeSource:  thestandardRelated NewsJan 20th, 2021

Housing loans restructured

PAG-IBIG Fund is offering a loan restructuring program to allow housing loan borrowers to defer their payments until March 2021 and lower their monthly payments, its top executives announced......»»

Category: newsSource:  thestandardRelated NewsNov 19th, 2020


NAG-ALOK ang mga nangungunang ehekutibo ng Pag-IBIG Fund ng loan restructuring program sa mga housing loan borrower upang maipagpaliban ang kanilang pagbabayad hanggang Marso 2021 at para mabawasan ang kanilang buwanang obligasyon sa pagbabayad. Ayon kay Secretary Eduardo D. del Rosario, nagsisilbing chairman ng 11-member ng Pag-IBIG Fund Board of Trustees at pinuno ng Department […] The post PAG-IBIG FUND IPINAGPALIBAN ANG PAGBABAYAD SA HOUSING LOANS appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsNov 19th, 2020

Pag-IBIG loans for ‘Rolly’-hit members

The Home Development Mutual Fund (Pag-IBIG Fund) has announced that it is prepared to help its members who are affected by Super Typhoon “Rolly” (international name: Goni). In a statement, Human Settlements Secretary Eduardo del Rosario said the agency was “ready to help our members affected by Typhoon ‘Rolly’ with our Calamity Loan Program. In […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 8th, 2020

Pag-IBIG gets DHSUD go-signal for promo rates on housing loans

The Department of Human Settlements and Urban Development has approved the Home Development Mutual Fund or Pag-IBIG Fund’s promotional rates for its housing loans for the remainder of the year......»»

Category: financeSource:  philstarRelated NewsJul 11th, 2020

Pag-IBIG promo: Lowest interest for housing loan

Top officials of Pag-IBIG Fund announced on Thursday, 9 July, that they are offering promo rates on their home loans of as low as 4.985 percent per annum until the end of the year, in a move to help members acquire homes and help boost the national economy amid the pandemic. The agency is offering […] The post Pag-IBIG promo: Lowest interest for housing loan appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJul 10th, 2020

No paychecks for 11 big leaguers: advance larger than salary

By RONALD BLUM AP Baseball Writer NEW YORK (AP) — Grant Dayton will notice one glaring absence this season after he reports to the Atlanta Braves: his twice-a-month salary. He is among 11 major leaguers whose prorated pay for the abbreviated 60-game season amounts to less than the $286,500 advance already received by the 32-year-old left-hander. “It’s going to be weird not getting a paycheck,” he said Friday, “but we already got paid.” Dayton gave up the 6,776th and final home run of of last season's record total, to the New York Mets' Dominic Smith. To resume preparation for the new season he will drive Monday from his home in Winter Haven, Florida, to Atlanta with wife Cori, 2 1/2-year-old son Decker and nearly 6-month-old Nolan for Braves' workouts at Truist Park. After opening day was postponed because of the coronavirus pandemic, Major League Baseball and the players’ association agreed March 26 to a deal that called for teams to advance $170 million in salaries over the first 60 days of the season. Others who won’t get paychecks because of lower prorated salaries are Los Angeles Dodgers pitcher Jimmy Nelson and New York Yankees reliever Jonathan Holder ($277,778 each), Pittsburgh infielder Erik Gonzalez and Minnesota pitcher Matt Wisler ($268,519 apiece), Philadelphia catcher Andrew Knapp ($262,943), Chicago Cubs pitcher Jharel Cotton ($237,037), pitchers Collin McHugh of Boston, Ross Stripling of the Dodgers and Jesse Hahn of Kansas City ($222,222 each) and Milwaukee pitcher Freddy Peralta ($575,200). “My first reaction was, wow, if we don’t have any games this year, I’m going to get paid the same amount that Freddie Freeman’s getting paid, so that’s pretty cool,” Dayton said in a reference to his teammate, a four-time All-Star first baseman with a $22 million salary that was cut to about $8.15 million. “I knew that there was going to be a point that if we resume games, I wouldn't get paid. And I was OK with that because we still received significant amounts of money and we’re fine.” Each of the roughly 480 players with so-called “straight” contracts that call for a single salary received $286,500. The 769 players with “split” contracts that have a lower salary in the minor leagues — generally a younger group not yet eligible for arbitration — got either $16,500, $30,000 or $60,000, depending on their minor league pay level. Dayton, who has spent parts of three seasons in the majors, has a $655,000, one-year contract. His prorated salary for the short season will be $242,593, assuming the contagion does not cause more games to be canceled. The group won’t have to return any cash because the March deal states “in the event there is a 2020 championship season, any amounts advanced to individual players that cannot be recouped by clubs via payroll deduction during the 2020 season for any reason shall be reimbursed to clubs from the International Tax Fund at the conclusion of the 2020 season.” That tax fund is money collected from teams that exceeded their specified bonus pools to sign high-priced Latin American amateurs. “We’re blessed because we’re getting more money than the prorated amount,” Dayton said. Most of the group has relatively low salaries for arbitration-eligible players because of injuries that sidelined them and reduced their statistics. Nelson returned last June from shoulder surgery and was limited to three starts and seven relief appearances. McHugh missed September and the postseason with a sore right elbow and signed a deal with a $600,000 salary and $3.65 million in performance and roster bonuses. Cotton, Dayton, Hahn and Stripling all were interrupted by elbow surgery early in their careers, and Gonzalez missed more than half of last season after breaking his collarbone. Peralta has a low salary in 2020 as part of a $15.5 million, five-year contract he agreed to in March. Dayton was 0-1 with a 3.00 ERA in 14 relief appearances last year and is 1-3 with a 3.34 ERA in 68 big league games that included time with the Dodgers in 2016-17. He wonders how he will fare in arbitration next winter. “It's going to be a weird year and a short season, but I guess they’re going to have to treat it on paper like a real season, a championship season," he said. "And as far as contracts go in the future, they’re going to have to take the stats this year, which is kind of scary for a relief pitcher, to be honest because you have one bad game, it takes a whole year to get that back. The slow starters can't be slow starters anymore." Stripling, a financial adviser for B. Riley Wealth Management when he’s not playing baseball, negotiated a $2.1 million deal in January but was able to have $1.5 million designated as a signing bonus, which is protected and not reduced. Only the $600,000 specified as salary in the contract gets prorated. “It will be strange to receive no money or paychecks throughout the year,” he said. “I’m thankful for my background in finance, because I’m comfortable with my ability to budget. I do worry about the 10 other guys in my situation. Technically will be receiving zero income until next April. That’s a long time to budget ahead.” One option for players could be licensing money they are owed that had been retained for them by the union. “Our PA is offering a stipend of sorts for guys in similar situations,” Stripling said. “But I don’t know how much money or how often they can receive it. It also comes from our `war chest,′ which is money saved for salaries in case of a work stoppage in 2022. Most guys will try to avoid pulling money from that unless they are in dire situations.”.....»»

Category: sportsSource:  abscbnRelated NewsJun 27th, 2020

Pag-IBIG Fund remains liquid to provide loans

STATE-run Home Development Mutual Fund (Pag-IBIG Fund) has more than enough liquidity to provide much-needed loans for its members during the coronavirus disease 2019 pandemic. This assurance came from Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy Moti, who joined the The Manila Times Business Forum 2020 online on Thursday. “We expect a huge number of our members […].....»»

Category: newsSource:  manilatimes_netRelated NewsMay 28th, 2020

HMDF also draws red flag over car plan

The Commission on Audit has flagged Pag-IBIG Fund’s Home Mutual Development Fund for the procurement of 21 cars for its officers last year without the approval from the Office of the President......»»

Category: newsSource:  thestandardRelated NewsAug 20th, 2021

Pag-IBIG wins gold at Asia-Pacific Stevie Awards

Pag-IBIG Fund’s response to help members and stakeholders cope with the COVID-19 pandemic won a gold under the Most Valuable Government Response category in the 2021 Asia-Pacific Stevie Awards......»»

Category: financeSource:  thestandardRelated NewsAug 5th, 2021