THE Home Development Mutual Fund (Pag-IBIG Fund) released P37.07 billion in home loans in the first half of 2019, a P4.37-billion or 13-percent increase from the P32.70 billion released in the same period last year. The amount is the highest released by the state-run agency in any January-to-June period.
The amount financed the acquisition and construction of 41,746 homes for Pag-IBIG Fund members — also a record-high for the first half of the year — and is 4 percent higher than the 40,094 homes funded in the same period in 2018.