By Joy Estrellado Pag-IBIG Fund VP and Corporate Board Secretary, Atty. Ronaldo A. Geron; PAPER Chairman Emeritus, Nena E. Mallari; PAPER V...
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| Pag-IBIG Fund VP and Corporate Board Secretary, Atty. Ronaldo A. Geron; PAPER Chairman Emeritus, Nena E. Mallari; PAPER Vice President, Joy V. Estrellado; and PAPER CALABARZON Regional Director, Lourdes M. Aclan. |
MAKATI — In a move that signals potential changes to the extra-judicial foreclosure publishing landscape, key officials from the Prime Alliance of Publishers, Editors, & Reporters (PAPER) Inc. and Pag-IBIG Fund gathered for a significant courtesy meeting yesterday afternoon. The dialogue was convened at the office of the Pag-IBIG Fund in Petron Megaplaza, Makati.
A Roster of Key Players
Leading the PAPER delegation were Nena E. Mallari, Chairman Emeritus; Lourdes M. Aclan, CALABARZON Regional Director; and Joy V. Estrellado, Vice President. On the Pag-IBIG side, the delegates were initially received by Atty. Ronaldo A. Geron, the organization's Vice President and Corporate Board Secretary. Subsequently, discussions were facilitated by Ms. Nanette G. T. Abilay, acting Vice President of Pag-IBIG’s Home Lending Operation for the Luzon Group.
Focus on Foreclosure Publishing
The conversation between the two parties concentrated on enhancing the efficiency and standardization of publishing extra-judicial foreclosures. PAPER, representing a network of publishers, emphasized the need for a uniform rate for publication fees across the nation. They presented this proposal in light of both the operational expenses faced by publishers and the fees deemed permissible by Pag-IBIG Fund.
PAPER Batangas Chapter President, Joenald M. Rayos, though not present at the meeting, previously gave light to the questions of the publishers regarding this matter.
A Unique Quirk
While the substance of the dialogue was undoubtedly serious, an interesting sidebar is Atty. Ronaldo A. Geron's moniker as the "Yellow Pen Man." The title refers to his unique claim to fame — owning the world’s largest collection of yellow fountain pens.
Future Implications
The successful convening of PAPER and Pag-IBIG Fund officials is seen as a stepping stone to potential policy adjustments that could reshape the extra-judicial foreclosure publishing industry. By contemplating a standard rate for publication fees, the parties aim to establish a harmonious and more efficient operational framework that benefits publishers, financial institutions, and the general public alike.
Next Steps
While this was merely an initial meeting, both PAPER Inc. and Pag-IBIG Fund expressed commitment to future discussions. Stakeholders in the publishing and lending sectors will undoubtedly keep a close eye on developments arising from this high-level dialogue.
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