The National Home Mortgage Finance Corp. (NHMFC) has secured an Unmodified Opinion from the Commission on Audit (COA) for its financial statements covering fiscal years 2024 and 2025, as reported by Philstar Biz. This marks the second consecutive year the state-run mortgage agency has achieved the highest audit rating.
An Unmodified Opinion signifies that NHMFC’s financial statements fairly present its financial position and comply with accounting standards, with no material misstatements. The COA’s endorsement reaffirms the corporation’s adherence to rigorous financial reporting, internal controls, and sound fiscal management.
NHMFC, a key housing agency under the Department of Human Settlements and Urban Development, plays a vital role in financing affordable housing in the Philippines. The consecutive clean audit opinions bolster public confidence in its operations and financial stewardship.