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Fannie Mae announces relief for investors
Fannie Mae announced that its new Payment Reduction Plan (PRP) will provide forbearance for borrowers who are ineligible for the Home Affordable Modification Program (HAMP). The mortgage principal and interest payments will be reduced by up to 30% for borrowers qualified for PRP, which replaces Fannies HomeSaver Forbearance program. PRP reduces the payments by 30% rather than the previous 50% under HomeSaver Forbearance, because permanent solutions are closer to 30%, Faith said. Faith added that non-owner-occupied properties became eligible under PRP, and owners will receive new options and support for their investment properties and second homes even though they do not fit under the HAMP umbrella. The US Treasury Department provides capped incentives to servicers for the modification of eligible loans on the verge of foreclosure through HAMP. The PRP will grant transitional support for borrowers who do not qualify for HAMP while more permanent mortgage solutions ar e determined, according to Brian Faith, a vice president at Fannie Mae.
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Lawrenceville Farmers' Market
Every Saturday from June to September (excluding July 4th), between 8 a.m. to 12 p.m., in historic downtown Lawrenceville, the Lawrenceville Farmers' Market offers a terrific variety of products and fun. Whether individuals are coming downtown for their weekly, fresh produce or visiting Lawrenceville's historic shopping district, the Lawrenceville market has become a Saturday morning treat to pick up not only fresh fruits, vegetables, eggs, herbs and flowers but also unique baskets, soaps, honeys, and jams. Located in historic downtown Lawrenceville in the parking lot behind the Crogan Street fountain directly across from the Historic Courthouse front entrance, local growers provide both a beautiful variety of produce and a friendly environment of town fellowship among the market shoppers and growers themselves.
Visit our Farmers' Market vendors online at www.lawrencevillefarmersmarket.com.
For more information about market management and vendor information contact Brennan Washington at 770-616-4686 or bwashington@touchstonehomes.com. For general Farmers' Market information or other downtown Lawrenceville event information contact Rebekah Cline at 678-226-2639 or Rebekah@Visitlawrenceville.com.
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