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Probe sought of Home Guaranty Corp. losses

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Abakada Rep. Jonathan de la Cruz. CONTRIBUTED PHOTO/www.congress.gov.ph

A party-list representative is seeking a House probe into the alleged gross mismanagement of the state-owned Home Guaranty Corp. (HGC), which has incurred P13.3 billion in losses in the past decade.

Posted: February 2nd, 2014 in Latest Business Stories | Read More »

House probe sought on HGC bankruptcy due to zero-coupon bonds

By
FIILE PHOTO

The House of Representatives is being urged to look into the gross mismanagement of the Home Guaranty Corp. (HGC), which buried the state firm in P13.296 billion in losses over a decade bridging the Arroyo and Aquino administrations.

Posted: January 29th, 2014 in Latest Business Stories | Read More »

Housing agency grants P18B in guarantee lines

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State-run housing agency Home Guaranty Corp. granted P18 billion worth of guarantee lines to 18 conduit lenders in the first semester of the year.   The approved lines will guarantee new housing loans for the purchase or construction of about 10,900 housing units, HGC said in a statement.   In the same period in 2012, [...]

Posted: September 1st, 2013 in Headlines | Read More »

HGC sees ’12 premium gains hitting P760M

Home Guaranty Corp. expects its guarantee premium income this year to hit P760 million, up from P632 million in 2011.   The agency said this was on top of the expected earnings from the sale of acquired assets, which were estimated to rise to P1.58 billion this year. An official said the agency had so [...]

Posted: December 24th, 2012 in Editor's Pick,Headlines | Read More »

HGC finally takes control of Manila Harbour Centre

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HGC logo

The state-owned Home Guaranty Corp. (HGC) finally took control of the 79-hectare Manila Harbour Centre (MHC) on Thursday night after court sheriffs accompanied by 300 policemen succeeded in enforcing a city judge’s order to R-II Builders Corp. to turn over the property to HGC.

Posted: November 17th, 2012 in Latest Business Stories | Read More »

HGC, banks, builders launch housing program

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State-owned Home Guaranty Corp. (HGC) seeks to make it easier for homebuyers to look for houses and seek mortgage financing with the rollout of an online platform that links the housing finance cycle.

Posted: October 8th, 2012 in Headlines | Read More »

HGC sues to recover stake in Harbour Centre

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The state-owned Home Guaranty Corp. has sued for the recovery of a substantial equity stake in Harbour Centre Port Terminal Inc., saying a Romero family-owned firm had illegally acquired the state’s shares and violated the terms of a 1990s-era partnership.

Posted: September 26th, 2012 in Headlines | Read More »

Gov’t seeks control of air rights over PNR train tracks

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Malacañang is set to issue an executive order (EO) for the transfer of ownership to the government of air rights over Philippine National Railways (PNR) train tracks from Caloocan to Makati.

Posted: May 24th, 2012 in Headlines | Read More »

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