a more robust pag-ibig fund housing loan program -...
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A More Robust Pag-IBIG Fund Housing Loan Program
By Atty. Darlene Marie B. Berberabe Pag-IBIG President & CEO
22nd SHDA Convention
26 September 2013; Makati City
Total Collections
2009 P87.940 B
2010 P93.103 B
2011 P100.866 B
2012 P110.003 B
Annualized
July 2013 P124.494 B
Total Collections (2009 to 2013)
0 20 40 60 80 100 120
Percentage Growth
6%
8%
9%
13%
Comparative HL Disbursements: July 2004 to June 2010 versus July 2010 to July 2013
Retail Lending
July 2004 - June 2010
P164.2 B
July 2010 - July 2013
P121.72 B
Total Loan Value
Total No. of Units
July 2004 - June 2010
309,902
July 2010 - July 2013
174,496
83% of 6 years
achieved in years
56% of 6 years
achieved in 3 years
Year All Developers No. of Units For SHDA
members No. of Units
2010 P2,486.203 3,315 P1,740.342 2,320
2011 328.689 438 230.082 307
2012 493.846 658 345.692 461
July
2013 274.260 365 191.982 256
TOTAL P3,582.998 4,776 P2,508.099 3,344
Housing Loans Disbursed to SHDA Developers 2010 to July 2013
Year Total IL Releases to
SHDA developers No. of Units
2004 1,273.334 1,698
2005 1,337.466 1,783
2006 1,019.909 1,360
2007 1,671.297 2,228
2008 3,594.098 4,792
2009 2,993.295 3,991
Total (2004 – 2009) 11,889.399 15,852
2010 1,740.342 2,320
2011 230.082 307
2012 345.692 461
July 2013 191.982 256
Total (2010 – July 2013) 2,508.099 3,344
GRAND TOTAL 14,397.497 19,196
Housing Loans Disbursed to SHDA Developers 2004 to 2009 vs 2010 to July 2013
July 2004 - June 2010
143.329 Billion
July 2010 - July 2013
119.146 Billion
Comparative MPL Disbursements: July 2004 to June 2010 versus July 2010 to July 2013
83% of 6 years achieved in 3 years
P8.823 B
P13.276 B
0
5
10
P6.415 B
P8.700 B
0
5
10
2004 to 2009 2010 to 2012
50.47%
35.62%
Comparative Annual Dividends 2004 to 2009 versus 2010 to 2012
Comparative Annual Net Incomes July 2004 to June 2010 versus July 2010 to July 2013
July 2004 to June 2010 (72 Months)
July 2010 to July 2013 (37 Months)
P32.543 B
P45.943 B
P52.419 B
P59.507 B
P51.413 B
0
10
20
30
40
50
60
70
2009 2010 2011 2012 Jan-August
2013
Non-Performing Loans (2009 to August 2013)
HL Takeout Housing Units
Region Amount % Number %
NCR P68.676 B 48 98,009 48
Central Luzon P17.301 B 12 23,505 11
Southern Tagalog P12.490 B 9 19,429 9
Central Visayas P9.110 B 6 11,084 5
Western Visayas P5.987 B 4 9,255 5
Southern
Mindanao P5.414 B 4 8,821 4
Other Regions
(except ARMM) P23.435 B 17 36,795 18
Total P142.412 B 100% 206, 898 100%
Regional Allocation of Housing Loans
(2010 to July 2013)
Approved Wholesale Loan Rates as of September 1, 2013
1-Year Fixing 6.125%
2-Year Fixing 6.750%
3-Year Fixing 7.875%
New Interest Rates for Retail Housing Loans effective October 1, 2013
3-Year Fixing 7.375%
5-Year Fixing 8.250%
10-Year Fixing 9.000%
15-Year Fixing 9.625%
20-Year Fixing 10.250%
25-Year Fixing 10.875%
30-Year Fixing 11.375%
New Interest Rates for Developmental Loans and Individual Loans
Beneficiaries
Accounts taken out under EPEB
(January 2013 – July 2013) 7,388
Developers who
availed of
EPEB Facility 48
Success Rate 90%
Failure Rate 10%
Electronic Primary Entry Book (EPEB) Update (for NCR only)
1. Convenient
2. Saved time
3. Shorter processing time
4. Supports Anti-Red Tape Campaign
5. Eliminates corruption in RD
6. Setback: Cost
electronic Certificate
Authorizing Registration
Government-to-Government Partnerships with LRA and BIR
Project Lazarus
Number Amount Beneficiaries
Developers 11
DDLP 6 P 604.312 M 1,009
Loan Facility 1 P 30.394 M 670
MHRB 2 P 688.963 M 307
HRFF 2 P 175.387 M 113
GLAD 15 P 80.919 M 1,089
Total P 1,580 M 3,188
Revived Projects
Not Revivable / Endorsed to Foreclosure/Legal
Developers Total Amount Beneficiaries
11 P 3,140.762 M 1,781*
* One project has no number of beneficiaries
Area Accounts Endorsed
Converted to PL PL Ratio
NCR
1st Endorsement 38,963 14,326 36.77%
2nd Endorsement 10,108 3,881 38.40%
Retained with PN
- 14,066 4,755 33.80%
Reshuffled Accounts
- 12,145 1,009 8.31%
Luzon 8,787 1,150 13.09%
Mindanao 9,784 2,603 26.60%
Total Corporate 67,642 27, 724 41.00%
Improved Performance Loans Ratio
Outsourcing of Collection
Outsourcing of Appraisal Services
Appraisal Services 2012 2013 Standard
End-User Financing 1 : 1,745 1 : 1,198 1 : 1,200
Preliminary Appraisal 1 : 96 1 : 96 1 : 96
NPARP 1 : 11,788 Full Outsourcing 1 : 1,320
Disposition of AAs 1 : 5,212
FA for Auction 1 : 3,149 1 : 1,320
Improved Appraisal Service Ratio
Improved Processing Time
Lending Window Processing Time (Working Days)
2012 2013
Window 1 8 4 to 6
Window 2 9 6 to 8
Window 3 9 6 to 8
Under Circular 310: 90% for loans up to P1.25 M
80% for loans over P1.25 M to P6 M
100% for developer assisted
housing loans up to P400,000, provided the developer’s license to sell
is for a socialized housing project and
the loan purpose is for purchase of a
residential unit.
Under Circular 312: 100% for loans up to P400,000
90% for loans over P400,000
to P750,000
Collection Partners for Housing Loan Amortizations
Over-the-counter :
Bayad Center
MetroBank LandBank of the Philippines
SM Business Centers
Mobile phone :
Globe GCASH
Overseas Remittance Partners :
Philippine National Bank MetroBank
Asia United Bank
i-Remit Ventaja International PayPil (Pay Pilipinas)
THANK YOU! FOR YOUR ATTENTION
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