Making Home Affordable — The US Government’s various efforts to keep homeowners homeowners
November 11, 2011 by Dan Hartman · Leave a Comment
The original Making Home Affordable program was enacted by the US Government by means of the Financial Stability act of 2009, with the intention of blunting the blow foreclosures were causing to the housing market. It contained two components that have had mixed success and was the subject of a recent announcement of additional support.
Employment Situation Prediction for August 5th, 2011
August 4, 2011 by Dan Hartman · Leave a Comment
Non-farms payrolls expected up 90,000; Unemployment rate believed steady at 9.2%; Weak GDP growth seen as a major obstacle A meaningful correlation exists between the ADP Private Payrolls report and the Bureau of Labor Statistics monthly Employment Situation Report. I have used data from the past 5 years reports to develop a prediction for tomorrow’s [...]
PBN names Province Mortgage one of the Best Places to Work in RI
July 8, 2011 by Dan Hartman · Leave a Comment
Providence Business News has honored Province Mortgage Associates for the third consecutive year as being one of the annual Best Places to Work. The recipients of this award are chosen based on responses to a management questionnaire as well as a confidential employee survey. You can click below to read the original article on the [...]
Coffee Cup Salute
July 8, 2011 by Dan Hartman · Leave a Comment
Province Mortgage Associates is featured in the WJAR Channel 10 Coffee Cup Salute. This video feature discusses our steady growth during the mortgage market bust and economic downturn of the last several years as well as honors us as being voted one of the Best Places to Work by the Providence Business News in 2011 [...]
Employment Situation Prediction for July 8th, 2011
July 7, 2011 by Dan Hartman · Leave a Comment
The official unemployment rate rose to 9.1% in May, as, in spite of meaningful increases in employed residents, even more previously discouraged workers returned to the labor force. I believe that the opposite effect will be seen in June, as the volume of negative news likely caused more workers to give up their searches. Due to this decrease in the labor force, the unemployment rate is expected to decrease to 8.9%.
Employment Situation Prediction for June 3rd, 2011
June 2, 2011 by Dan Hartman · Leave a Comment
Concerns began to play out in May, as several significant economic activity surveys, including the important Philadelphia and New York Fed surveys, showed a sharp decline in underlying economic growth. In addition, weekly claims for unemployment benefits have climbed significantly, a disturbing trend as it could eventually impact hiring.
Employment Situation Prediction for May 6th, 2011
May 5, 2011 by Dan Hartman · Leave a Comment
April private payrolls expected up 170,000; Labor-force participation rate at multi-decade low; Unemployment rate expected to rise to 9.0% A meaningful correlation exists between the ADP Private Payrolls report and the Bureau of Labor Statistics monthly Employment Situation Report. I have used data from the past 5 years reports to develop a prediction for tomorrow’s [...]
Employment Situation Prediction for April 1st, 2011
March 31, 2011 by Dan Hartman · Leave a Comment
Economic data in December, January and February suggested that the economic recovery was consolidating its momentum. Data have turned slightly more mixed in March, as major natural disasters in New Zealand and Japan, and war in Libya have sapped consumer confidence and caused a sharp spike in energy prices. In the meantime, US manufacturing data have showed continued growth and a healthy manufacturing environment, suggesting that employers may be hiring for those positions again.
Employment Situation Prediction for March 4th, 2011
March 3, 2011 by Dan Hartman · Leave a Comment
The official unemployment rate fell sharply in January, declining from 9.4% to 9.0%. This was primarily precipitated by an exodus of workers, but also by a substantial increase in households reporting working status. I believe that this may have been caused by temporary fluctuations in survey results. It is likely that this may have reverted in February, which should result in a rise in the unemployment rate, likely to 9.2%.
Ensuring a Smooth Closing in 2011
March 3, 2011 by Dan Hartman · Leave a Comment
You’ve probably heard the stories. Stories from people trying to buy homes who have submitted dozens of pages of documentation, only to be met with endless requests for more documentation, excuses, and, ultimately, a loan denial. It’s frustrating, upsetting, and downright insulting what is happening to many families. The worst part of all is, in many cases, it’s avoidable.
