Mortgages, Finance and Economics - Quality Loans from Dan Hartman

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Mortgage and Lending - Province Mortgage Associates - NMLS #2861
Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales.
RECENT BLOG POSTS
Earlier this week, I recapped the market phenomenon referred to as a "Flight to Safety".  In such a situation, investors flee riskier investments, in favor of assets that are more secure, such as oil, treasury bills, and gold.  What happened today is clearly such a Flight to Safety.  As you know,...
09/17/2008
I've gotten a number of questions lately on broadly ranging economic topics, with a significant focus on everything on Wall Street, such as Barclays' purchase of Lehman assets, and the government "bailout" of AIG, but one area I thought merited a bit of discussion is the current oil / gasoline pr...
09/16/2008
The most active segment of the housing market today is the  first-time homebuyer living in a rental, hoping to purchase a primary residence.  This group is at a huge advantage to any other for a number of reasons: No home to sell - In today's slower market, moving up into a new home can be a huge...
09/16/2008
I've been hearing a lot more about the USDA Guaranteed Rural Housing mortgage program lately.  I've been seeing a significant increase in buyer interest in this program, too.  With the current, (albeit, likely temporary) suspension of seller-funded down payment assistance programs, the USDA GRH p...
09/16/2008
If there is rock & roll playing in lower Manhattan this morning, it is probably The Doors' "Peace Frog", as investors awoke to a market seeing financial giants Lehman Brothers, Merrill Lynch, and American International Group all discussed in badly negative news.  Lehman, a troubled investment fir...
09/15/2008
Well, it's official.  I got an email this morning from our last wholesaler that was offering to fund loans using seller-funded down payment assistance programs like Nehemiah or Ameridream, stating that they were going to stop accepting new registrations for loans using these programs.  So, this m...
09/15/2008
Today in Rhode Island, we have a primary election for US Senate, House, and for the Rhode Island General Assembly.  Big surprise when I found out that my poling place had been moved.  Again.  But after a little running around, it turned out it had been moved back to the fire station where it had ...
09/09/2008
In a widely anticipated move, the United States Treasury placed mortgage giants Fannie Mae and Freddie Mac in conservatorship this weekend, shoring up markets for the mortgage giants debt, but essentially canceling the value of those companies' stock.  This move is seen as providing much-needed r...
09/08/2008
The 2nd quarter of 2008 began on a positive note for mortgage borrowers, as a relative lack of news caused the Mortgage - Treasury spread to narrow from its March 13th peak at 2.60% to a low of 2.03% May 30th.  The Mortgage Treasury spread is an indicator of relative risk between commonly quoted ...
08/25/2008
Welcome to a new series of posts regarding some of the more interesting spots in Providence.  Today, I decided to start with a place near my home to which I've walked several times.  I passed by today, only to learn that I had mis-remembered the hours, so I thought it made sense to share that, an...
08/10/2008
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Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you! Locations of visitors to this page