(NAR) VOL. 22 NO. 3, JULY - SEPTEMBER 2011
- No new housing loan applications, including loans on acquired assets, shall be received starting on the said effective date.
- However, applications and existing housing loans prior to the said date shall continue to be processed and serviced.
- Policies and procedural guidelines for GSIS housing programs shall remain in effect only for the above mentioned existing housing loans and applications until such loans and applications are exhausted.
- Disposition of acquired assets, however, shall continue but on a cash basis only.