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