Category Archives: PEMCO News
May Housing Scorecard Released
Photo credit: faungg’s photo cc On June 13, HUD and the U.S. Department of the Treasury released the May housing report. It shows a housing market slowly coming back to life from the recent intense winter, but still lagging in some indicators from last year. “May’s Housing Scorecard shows that the housing market recovery is […]
Read More →CFPB Announces RFI on Mobile Financial Services
Tablets and smart phones are influencing the creation of new products and services that provide consumers with cheaper, easier and more efficient ways to manage their daily lives. On June 11, the Consumer Financial Protection Bureau (CFPB) announced a Request for Information (RFI) regarding the opportunities and challenges associated with the increasing use of mobile-based […]
Read More →CFPB Director Presents Semi-Annual Report to Senate Committee
ProgressOhio Consumer Financial Protection Bureau (CFPB) Director Richard Cordray appeared in a hearing before the Senate Committee on Banking, Housing and Urban Affairs. This was in conjunction with the release of the CFPB’s semi-annual report. “As of June 1, 2014, we have received nearly 375,000 consumer complaints on credit reporting, debt collection, money transfers, bank […]
Read More →Two Agencies Merge Resources to Collect Data on Mortgage Holders
Nearly 230 million Americans will soon be required to disclose personal information about their families and financial lives in a new national database created by two federal agencies. The agencies say that the database will benefit the […]
Read More →PEMCO Limited Releases Valuation Package, AcuitySP
The long awaited Valuation services package, AcuitySP by PEMCO Limited, is finally available for Government, private and individual clients. With AcuitySP, PEMCO Limited clients can customize their package or take advantage of our full array of services placed to maximize the value of our clients’ assets. AcuitySP conveys sharpness or keenness of thought, vision and […]
Read More →Mortgage Credit Crisis or Potential Buyer Fears?
Photo credit: Alan Cleaver In late 2011 the Bipartisan Policy Center Housing Commission began examining why many creditworthy families were finding it so difficult to get a mortgage. During this time, interest rates were at historic lows, home prices had dropped significantly and the affordability of owning a home was reaching its peak. Even so, […]
Read More →Financially Responsible Millennials and Homeownership
Millennials are often judged for not being as financially responsible as all other generations but are recognized as being highly educated. In fact, Millennials are on a path to becoming the most educated generation in United States history. This education, while great and should reap dividends down the road, has contributed to Millennials’ increasing student […]
Read More →PEMCO Limited Ranked #1 for Top 50 Businesses in Hawaii
PEMCO Limited is proud and honored to be ranked #1 for Top 50 Businesses in Hawaii for the year 2014. Of over 1,300 businesses in the United States participating in the DiversityBusiness.com annual business survey, PEMCO Limited was among the small group chosen based on our annual gross revenue and business profile. In addition to […]
Read More →The Differences Between an Appraisal, Comparative Market Analysis and Broker Price Opinion
Many people know what an appraisal is or they’ve heard of a Comparative Market Analysis (CMA) and Broker Price Opinion (BPO); many don’t usually know the differences between them. Appraisal- The appraisal is an unbiased opinion of value of a purchase, listing or refinance. The appraisal report contains exterior and interior property photos, physical data […]
Read More →Do Appraisal Management Companies Sacrifice Quality for Quantity?
Photo credit: Images Money cc Accusations geared towards appraisers for allegedly inflating home prices for the sake of the lender started the Home Valuation Code of Contact (HVCC) in 2009. The HVCC was jointly created by members of Freddie Mac, the Federal Housing Finance Agency and the New York State Attorney; though the organization was […]
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