Vice President Noli de Castro said Tuesday that National Home Mortgage Finance Corp., one of the housing agencies under his supervision, will receive The Asset's Triple A Award for the category "2009 Securitization of the Year."

The deal which won the prestigious award for NHMFC was the issuance of Bahay Bonds-the first residential mortgage-backed securitization in the Philippines under the Securitization Law of 2004.

"The NHMFC was often blamed for the collapse of the Philippine housing sector in the past. Today, through hard work and determination, the NHMFC redeems itself as a reputable secondary mortgage corporation in this part of the world. I extend my congratulations to the men and  women of NHMFC and to their partners who made this international recognition possible," said de Castro, chairman of the Housing and Urban Development Coordinating Council.

Reprinted from MANILA STANDARD TODAY, Wednesday January 13, 2010