Category Archives: PEMCO News
How Will Brexit Affect the U.S. Housing Market?
Photo credit: Mick Baker Is this much ado about nothing? In a few years, Britain will officially leave the European Union after 25 years. While financial markets were shaken and the economic growth outlook was lowered in the days after the vote, there’s been much speculation on what effect Brexit will have on Britain, […]
Read More →Housing Market Sets 7-Year Records in May
Photo credit: myguysmoving.com Nationally, the housing market is seeing an uptick in activity amid continuing low inventory. In May, a typical home went under contract in 42 days, a week sooner than a year ago, a record for the housing market not seen since 2009, according to Redfin. See This May be the […]
Read More →Why These Neighborhoods Didn’t Recover from the Housing Crisis
The U.S. housing market has mostly bounced back from the dark days of the Great Recession, but data from Black Knight Financial Services shows that the recovery hasn’t been even. The data spans from 2004 through 2015 and shows the recovery is delineated along income, geography and racial lines. A typical single-family home’s value […]
Read More →10 Ways to Prepare Your Home for an Appraisal
Photo credit: lendingmemo.com The low-value appraisal is feared by home sellers and refinancing homeowners, but Instead of fretting about low value appraisals, it’s best to plan and prepare to bolster the impression of the home before the appraiser comes out. Paul Prentice, senior managing appraiser at PEMCO Limited, says “it is always recommended to take […]
Read More →Is TRID Working for Borrowers and Lenders?
Photo credit: Senior Living Since before TRID’s October 2015 implementation, there’s been a multitude of stories warning about the new rule’s negative effects on the mortgage industry, especially on originations. There were also many stories blasting how the new mortgage rules would add more delays to the closing process. TRID has affected the mortgage business […]
Read More →PEMCO Limited Appoints Kimiko Yamamoto CEO, President
PEMCO Limited appointed Kimiko Yamamoto to President and CEO on May 3, 2016, a role previously held by PEMCO Limited’s Owner and Founder, John Yamamoto, for over 30 years. Prior to this announcement, Ms. Yamamoto held the role of President and COO since 2008. During her 20-year career with PEMCO Limited, Yamamoto oversaw PEMCO […]
Read More →PEMCO Limited Contracted by GSA to Market Connecticut Naval Property
Structure known as Shepherd of the Sea Chapel and Community Center went to auction May 9. As part of a national program to sell off former military real property assets, the US Navy and the US General Services Administration (GSA) are auctioning off a picturesque structure known as the Shepherd of the […]
Read More →The 30-year vs. 15-year Mortgage
Photo credit: Lending Memo Ed Pinto, co-director of the International Center on Housing Risk at the American Enterprise Institute, recommends retiring the 30-year fixed rate mortgage. He posits that this mortgage type “fails to build up wealth for the most disadvantaged Americans”. His comments are in response to a proposal by five economists to […]
Read More →5 Decades of the Fair Housing Act
Photo credit: DonkeyHotey Commemorating landmark law during the month of April The U.S. Department of Housing and Urban Development (HUD) commemorates the passage of the 1968 Fair Housing Act by celebrating the entire month of April as Fair Housing Month. This law prohibits housing discrimination based on race, color, national origin, religion, gender, disability […]
Read More →PEMCO Limited Receives 5 Awards from Nationally-Recognized Business Diversity Portal
Photo credit: Gold Guys PEMCO Limited is honored to receive four awards from DiversityBusiness.com, a portal connecting governmental, institutional, and nonprofit organizations. The awards add to the more than dozen awards received from DiversityBusiness.com in the past nine years. Previous years awarded are 2007, 2008, 2011, 2012, 2013, and 2014. PEMCO Limited was awarded in […]
Read More →