Category Archives: PEMCO News
Alternative Credit Reporting on the Rise
Photo Credit: Your Pal Dave You’ve been paying your cable/internet bill on-time and think that this affects your credit in a good way. Think again. Many American consumers do not know what is or is not reported to the national credit bureaus. A recent TransUnion survey shows that 48 percent of respondents assumed that their […]
Read More →Real Estate Industry is Next Up for Disruption
Photo Credit: Missy Schmidt Agents merging technology and service still highly valued New technologies have arisen in the last ten years, introducing many ‘disruptive’ innovations which brought much change to several industries and making some obsolete. This is the Netflix-Blockbuster dynamic. Other examples are how transportation network Uber is transforming the taxicab industry or how […]
Read More →Are Low-Value Appraisals Helping Slow Down Housing Recovery?
photo credit:Steven Depolo Contributing to Loan Rejections After the housing crash, Andrew Cuomo, the New York attorney general at the time, looked to resolve the conflict of interest between mortgage brokers and real estate appraisers. Before the crash, mortgage brokers were allowed to select the real estate appraiser required for loan approval. Appraisers had an […]
Read More →$1 Trillion in Equity Gained as of Second Quarter
photo credit: Thomas Galvez Almost a Million Homes CoreLogic’s Equity Report identified that the second quarter saw almost 950,000 homes go into the positive equity category, representing a gain of $1 trillion which brings the total number of positive equity homes to more than 44 million. Sam Khater, Deputy Chief Economist for CoreLogic says, “The […]
Read More →Does More Confidence in Housing Equal More Millennial Home-Buyers?
photo credit: amslerPIX via photopin cc Technology and Financing Updates May Help Attract More to the Market Millennials are more enthusiastic about the housing market, according to recently released survey results from Zillow; but not as much about the prospect of changes in affordability and home values. The
Read More →Ten Strategies for a Successful Conference
photo credit: amslerPIXCydcor Officesphotopin cc It’s my favorite time of year—conference season! Conferences are a great way to market and educate yourself, but they’re an investment. The time flies by quickly, so what are you doing to make sure you leave with more than a huge bar tab? As REONetwork.com’s Business Development Manager […]
Read More →Increase in Single Americans Affects Housing Market
photo credit: US Simone Lovati via photopin cc No Commitment to Mortgages and Renting in Metro’s Becoming More the Rule More than half of Americans are single, according to a report by economist Edward Yardeni, President of Yardeni Research Inc. The report, titled “Selfies,” states that the percentage of single Americans have inched up […]
Read More →Remaking HUD
Photo credit: US Consulate Chennai CC Increasing effectiveness for the next 50 years New Housing and Urban Development (HUD) Secretary, Julian Castro, spoke at the Bipartisan Policy Center’s Housing Summit in Washington, D.C. He said that he will focus on advancing policies at the nearly 50 year old […]
Read More →New Legislation Reforms Credit Reporting
Photo credit: Lending Memo cc Home-Ownership Could Increase Among Credit Shut-Outs Maxine Waters, D- California, unveiled a proposal which would make extensive changes to the way consumer credit is scored and reported. Waters, a ranking member of the House Financial Services Committee, calls her proposal “Fair Credit Reporting Improvement Act of 2014”. With credit reporting agencies […]
Read More →