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 to 2013) Percentage Growth
Total Collections
2009
P87.940 B
2010
P93.103 B
6%
8% 2011
P100.866 B
2012
P110.003 B
Annualized July 2013
P124.494 B
9%
13% 0
20
40
60
80
100
120
Comparative HL Disbursements: July 2004 to June 2010 versus July 2010 to July 2013
Retail Lending Total Loan Value July 2004 - June 2010
July 2010 - July 2013
P164.2 B
P121.72 B
83% of 6 years
achieved in years
Total No. of Units July 2004 - June 2010
July 2010 - July 2013
309,902
174,496
56% of 6 years
achieved in 3 years
Housing Loans Disbursed to SHDA Developers 2010 to July 2013
Year
All Developers
For SHDA members
No. of Units
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
P3,582.998
4,776
P2,508.099
3,344
TOTAL
Housing Loans Disbursed to SHDA Developers 2004 to 2009 vs 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
11,889.399
15,852
2010
1,740.342
2,320
2011
230.082
307
2012
345.692
461
July 2013
191.982
256
2,508.099
3,344
14,397.497
19,196
Total (2004 – 2009)
Total (2010 – July 2013)
GRAND TOTAL
Comparative MPL Disbursements: July 2004 to June 2010 versus July 2010 to July 2013 July 2004 - June 2010
July 2010 - July 2013
143.329
119.146
Billion
83%
Billion
of 6 years achieved in 3 years
Comparative Annual Net Incomes July 2004 to June 2010 versus July 2010 to July 2013
Comparative Annual Dividends 2004 to 2009 versus 2010 to 2012
10 10
50.47% 35.62%
P13.276 B
P8.700 B P8.823 B 5
5
P6.415 B
0
0
July 2004 to June 2010 (72 Months) July 2010 to July 2013 (37 Months)
2004 to 2009
2010 to 2012
Non-Performing Loans (2009 to August 2013) 70
P59.507 B
60 50 40
P45.943 B
P51.413 B
P52.419 B
P32.543 B
30 20 10 0 2009
2010
2011
2012
Jan-August 2013
Regional Allocation of Housing Loans (2010 to July 2013) HL Takeout Region
Amount
Housing Units %
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
P23.435 B
17
36,795
18
Other Regions (except ARMM)
Total
P142.412 B
100%
206, 898
100%
New Interest Rates for Developmental Loans and Individual Loans
Approved Wholesale Loan Rates as of September 1, 2013
New Interest Rates for Retail Housing Loans effective October 1, 2013 3-Year Fixing
7.375%
5-Year Fixing
8.250%
6.750%
10-Year Fixing
9.000%
15-Year Fixing
9.625%
7.875%
20-Year Fixing
10.250%
25-Year Fixing
10.875%
30-Year Fixing
11.375%
1-Year Fixing
6.125%
2-Year Fixing
3-Year Fixing
Electronic Primary Entry Book (EPEB) Update (for NCR only)
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%
Government-to-Government Partnerships with LRA and BIR
1. Convenient 2. Saved time
electronic Certificate
3. Shorter processing time
Authorizing Registration
4. Supports Anti-Red Tape Campaign 5. Eliminates corruption in RD 6. Setback: Cost
Project Lazarus Revived Projects 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
P 1,580 M
3,188
Total
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
Outsourcing of Collection Improved Performance Loans Ratio Accounts Endorsed
Converted to PL
PL Ratio
38,963
14,326
36.77%
10,108
3,881
38.40%
Retained with PN - 14,066
4,755
33.80%
Reshuffled Accounts - 12,145
1,009
8.31%
Area NCR 1st Endorsement 2nd Endorsement
Luzon
8,787
1,150
13.09%
Mindanao
9,784
2,603
26.60%
67,642
27, 724
41.00%
Total Corporate
Outsourcing of Appraisal Services Improved Appraisal Service Ratio 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 1 : 3,149
1 : 1,320
FA for Auction
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 :
LandBank of the Philippines
MetroBank Bayad Center
SM Business Centers
Mobile phone : Globe GCASH
Overseas Remittance Partners :
Philippine National Bank
i-Remit
MetroBank
Ventaja International
Asia United Bank
PayPil (Pay Pilipinas)
THANK YOU!
FOR YOUR ATTENTION