At least 22,123 Pag-IBIG Fund members are at risk of losing houses they acquired through loans on account of the failure of developers to transfer the titles of the mortgaged properties in their names. The Commission on Audit noted in its 2017 annual audit report for the Home Development Mutual Fund that housing loans granted the 22,123 accounts have not been converted from contract to sell to real estate mortgages , thus, putting the borrowers' interest at risk.
