NHMFC declares housing payment moratorium

Title NHMFC Declares Housing Payment Moratorium A Lifeline for Over 
50,000 Borrowers

In a timely move to alleviate the impact of the Middle East conflict on Fil
Filipinos' daily lives, the National Home Mortgage Finance Corp. (NHMFC) ha
has announced a three-month moratorium on housing loan payments. This relie
relief measure is a beacon of hope for over 50,000 borrowers who will benef
benefit from this temporary suspension.

The moratorium, which takes effect from May 1 to July 31, 2026, allows elig
eligible borrowers to temporarily suspend their monthly amortization paymen
payments without incurring penalties or additional interest. Loan terms wil
will be extended accordingly based on the duration of the moratorium, ensur
ensuring that borrowers can continue making progress on their housing loan 
payments.

The Relief Package A Safety Net for Borrowers

NHMFC President Renato Tobias emphasized that this relief measure is part o
of a broader shelter-related financial relief program aimed at supporting F
Filipinos affected by the ongoing crisis in the Middle East. The moratorium
moratorium is automatic, meaning borrowers do not need to file an applicati
application to be covered.

This timely intervention is critical for many Filipinos who rely on their h
housing loans to maintain a roof over their heads and provide for their fam
families. The NHMFC's decision is a testament to its commitment to supporti
supporting the nation's housing finance needs during times of crisis.

Special Benefits Package for OFWs

In a move that will further alleviate the burdens faced by Overseas Filipin
Filipino Workers (OFWs) repatriated due to the ongoing conflict in the Midd
Middle East, Pag-IBIG Fund has approved a special benefits package. This pa
package allows OFW members to

Withdraw up to 100% of their Pag-IBIG Regular Savings, including employee
employee share, employer share, and dividends earned, even before its 20-ye
20-year maturity.
Withdraw up to 100% of their Modified Pag-IBIG II (MP2) Savings, includin
including returns earned, even before its five-year maturity.
Avail of a three-month moratorium on Pag-IBIG Housing Loan payments, free
free from interest and penalties, with the loan term extended by three mont
months.

These special benefits are designed to provide OFWs with much-needed financ
financial support during this challenging period. With over 900,000 registe
registered OFW members in the Middle East as of February this year, this re
relief package is a vital lifeline for many families.

Conclusion

The NHMFC's decision to declare a housing payment moratorium and Pag-IBIG F
Fund's special benefits package are testament to the importance of governme
government-backed initiatives in times of crisis. As we navigate these chal
challenging times, it is essential that we prioritize the well-being of Fil
Filipinos, particularly those affected by the ongoing conflict in the Middl
Middle East.

The NHMFC's relief measure is a critical step towards achieving this goal, 
and we hope that it will provide much-needed respite to over 50,000 borrowe
borrowers. As we move forward, we must continue to support our fellow Filip
Filipinos and work together towards building a brighter future for all.

I made the following changes

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tantamount to a beacon of hope became simply a beacon of hope)
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easier to read
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flow

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.