Category Archives: PEMCO News
Appraiser and Homeowner Home Valuation Opinions Continue to Widen
Photo credit: winnifredxoxo Home values rise in majority of metros Appraiser and homeowner home valuation perception continues to widen in more than two dozen major metro areas. Quicken Loans’ national Home Price Perception Index (HPPI) reported that the difference between homeowner opinions of their home valuations and appraiser […]
Read More →HUD and Census Bureau Reports Increase in Housing Construction
Photo credit: Garreth Wilcock Home-buying reluctance is less of an issue as economy improves The Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly reported on new residential construction data for April 2015. This positive announcement includes important information on housing starts, building permits […]
Read More →Many Millennials Rent, But Keep Home-Ownership on Radar
Photo credit: LongLostCousin Rental price increases don’t deter many as home-ownership falls to 1990 levels. New Freddie Mac research shows that the commonly held idea that increasing rents push people into home-ownership, is not correct. This is according to a Harris Poll of more than 2,000 adults conducted online last August. “We’ve found that rising […]
Read More →Mortgage Loan Delinquencies Fall to Pre-Housing Crisis Levels
Photo credit: Amy Berkson-Martin Subprime loans see largest declines in delinquent metrics Home value appreciation and job growth have contributed to dropping mortgage delinquency and foreclosure rates down to levels not seen since 2007. The Mortgage Bankers Association (MBA) conducted the National Delinquency Survey and reports the delinquency rate […]
Read More →The Truth about Housing Inequality
Photo credit: Spot Us Low-income homebuyers may not benefit from programs as previously thought. From its founding, United States leaders have encouraged homeownership for all; with Thomas Jefferson extolling the virtues of a democracy powered by small landowning citizenry. In time, the American Dream eventually became synonymous with […]
Read More →FDIC Approves Final Rule on Minimum AMC Requirements
Photo credit: Tony Webster The Federal Deposit Insurance Corporation (FDIC) approved the publication of Final Rule, Minimum Requirements for Appraisal Management Companies (AMC) in the Federal Register on April 21. Along with the FDIC, the Office of the Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), the Consumer Financial Protection […]
Read More →Low Valuations is a Hot Topic with Lenders in 2015
Photo credit: Alan Cleaver What changed and how to protect yourself. Concerns are rising among mortgage loan officers about low appraisals. Traditionally, declining housing markets bring about low appraisals because of the lack of recent comps, which adds to the appraiser’s difficulty in determining the subject property’s current market value. […]
Read More →Investing In and Stabilizing Our Neighborhoods as a Joint Effort
NS Capital Management helping families get back into wealth-building game Neighborhood stabilization and homeowner retention have been strengthened with investment fund Neighborhood Stabilization Capital Management (NS Capital). NS Capital is comprised of individuals from public, private and non-profit sectors whose purpose is to acquire real estate and mortgage-related debt. NS Capital sees the aftermath of […]
Read More →PEMCO Limited is Awarded “Top Business for 2015” by National Business Diversity Portal
PEMCO Limited can add another award to the nearly dozen awards it has amassed over the past eight years: “Top Business for 2015” award. DiversityBusiness.com, a portal for small and large organizational buyers where its membership-based exchange model helps bring together business contacts and enhances enterprise communication; streamlining business processes. The award recognizes PEMCO […]
Read More →Default Risk Rise as Nonbank Lending Increase
Photo credit: Woodleywonderworks The default services industry may see an increase in activity as a result of bank lending changes. AEI’s International Center on Housing Risk recently released data showing that big banks are increasingly writing less mortgages. The shift in market share from large banks to […]
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