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BusinessWorld December 11, 2020 | 7:45 pm The Securities and Exchange Commission (SEC) approved Friday a plan by the National Home Mortgage Finance Corp. (NHMFC) to securitize more than 1,200 residential loans, which will be held by a special purpose trust. Under the plan, NHMFC will sell 1,291 mortgages to BALAI Bonds 2 Special Purpose Trust (BALAI Bonds 2 SPT). The trust will then issue P319.32 million worth of asset-backed securities, comprising P150 million Class A senior notes and around P169 million Class B subordinated notes. “Proceeds from the issuance will then be...

endIndex: Metro Manila (CNN Philippines) — Scammers haven’t taken a break— ­even amid the pandemic — and are giving cryptocurrency a bad name. In August 2020, the Department of Finance (DOF) revealed that the name of Secretary Carlos Dominguez III was used to promote a fake cryptocurrency auto-trading platform called “Bitcoin Revolution.” The DOF also learned that a platform called “Bitcoin Lifestyle” falsely claimed that President Rodrigo Duterte “is urging all citizens of the Philippines to learn about Bitcoin Lifestyle quickly to get involved.” These were all refuted ...