HF Transfers Its JTYK Know-How to the Philippines

- HF offers JTYK workshop to NHMFC Delegation

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) said on April 18, 2018, that it will pass on its know-how in housing finance to officers of the Philippines' state-run National Home Mortgage Finance Corporation (NHMFC*) and related Filipino government officials. Under the MOU reached between HF and NHMFC in 2015, HF will continue to transfer its expertise on the JTYK reverse mortgage scheme and securitization process to NHMFC.  
 ＊ NHMFC: An organization created under the umbrella of the Housing and Urban Development Coordinating Council to supply mid- to long-term mortgage loans and issue mortgage-backed securities

During the two-day workshop to be held from the 18th at HF Headquarters in Busan, HF will reveal the secret of its success for the Korean-style JTYK reverse mortgage to NHMFC officers and take them to an HF branch office to introduce them to JTYK consulting, underwriting, and marketing methods.  

HF CEO Lee Jung-Hwan said,“I hope that this workshop, held under the Knowledge Sharing Program initiated by the Ministry of Strategy and Finance, will foster friendly relations between our two agencies.”

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HF CEO Lee Jung-Hwan (middle) posed for a photo with the visiting NHMFC officers before their workshop on the 18th.