Cagamas purchases eligible portfolio of conventional housing loans (HL) granted to the customers for the purchase of residential houses originated by the AS. In addition, staff HL originated by the public sector and selected corporations are also purchased by the Company.
- for the financing or refinancing of the purchase, construction or renovation of residential properties;
- fully disbursed;
- not be more than 1 month in arrears at the time of sale;
- has a remaining life which expires on or after the review date;
- secured by a first charge or assignment of rights over the residential property; and
- comply with other criteria as per Cagamas' requirements