Preamble
WHEREAS, further measures are necessary to optimize the effective use of funds and resources committed by the Government in response to the housing problem; WHEREAS, there is an urgent need to effectively increase the level of government funds committed to the housing effort by establishing a secondary market for home mortgages which will enable home financing institutions to optimize the leverage of funds earmarked for housing and home development; WHEREAS, the development of a secondary mortgage market requires the support and assistance of the Government and the private sector as well; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree: