Parade of Homes
Fond du Lac
2012 Parade of HomesTM
April 27 - 29 & May 4 - 6
Thank you for attending the 2011 Fall Parade!
Click on Builder's name below for Home Description
1. Winfield Homes N6018 Wild West Lane, Fond du Lac
2. Signature Homes by Adashun Jones, Inc. N5507 DeNevue Lane, Fond du Lac
3. Winfield Homes 26 Country Lane, Fond du Lac
4. Signature Homes by Adashun Jones, Inc. 447 N. Country Lane, Fond du Lac
5. Signature Homes by Adashun Jones, Inc. 1215 Spring Lake Dr., Fond du Lac
6. Nett Construction, Inc. N7664 Redtail Lane, Malone
7. Smith Builders, Inc. N7734 Redtail Lane, Malone
8. Burg Homes & Design, Inc. N7838 Braun Drive, Malone
Posted from: http://homebuildersfdldodge.com/paradeofhomes.html
Tuesday, February 14, 2012
Thursday, February 2, 2012
Home Affordable Modification Program Expanded - HAMP
Obama Extends Foreclosure Prevention Program Aid
Daily Real Estate News | Monday, January 30, 2012
The Obama administration will be expanding eligibility requirements for its foreclosure prevention program, the Home Affordable Modification Program (HAMP), to help more struggling home owners participate.
The program will expand its eligibility requirements for those who may qualify for a loan modification, including how the debt ratio of mortgage borrowers is calculated as well as extending the program to owners of rental properties too.
HAMP will also triple the incentives it pays banks in order to get more banks to reduce the principal on loans, and it would offer incentives to Fannie Mae and Freddie Mac to reduce loan principals for those who participate in the program (previously only private lenders and banks were eligible for the incentives).
However, the Federal Housing Finance Agency, which oversees Freddie and Fannie, says that while it will consider the HAMP changes, in a recent analysis it found "that principal forgiveness did not provide benefits that were greater than principal forbearance" -- a possible sign the GSEs may not support reducing the mortgage principal on loans, housing experts speculate.
HAMP was first launched in 2009 and set out to help some 4 million struggling borrowers modify their loans, yet it has fallen short from its original goal. To date, HAMP has helped fewer than 1 million home owners.
Some housing experts are optimistic that the changes to HAMP will allow more home owners to take part in the program, and that HAMP will help more “responsible home owners lower their costs and stay in their homes," Gene Sperling, the director of the National Economic Council, at a press conference.
The new changes to the program will take effect at the end of April. Also, the program has been extended to December 2013.
Source: “Obama Administration Expands Foreclosure Prevention Program,” CNNMoney (Jan. 27, 2012)
Read More
Beating the Odds on Short Sales
Federal Agencies Crack Down on HAMP Fraud
Daily Real Estate News | Monday, January 30, 2012
The Obama administration will be expanding eligibility requirements for its foreclosure prevention program, the Home Affordable Modification Program (HAMP), to help more struggling home owners participate.
The program will expand its eligibility requirements for those who may qualify for a loan modification, including how the debt ratio of mortgage borrowers is calculated as well as extending the program to owners of rental properties too.
HAMP will also triple the incentives it pays banks in order to get more banks to reduce the principal on loans, and it would offer incentives to Fannie Mae and Freddie Mac to reduce loan principals for those who participate in the program (previously only private lenders and banks were eligible for the incentives).
However, the Federal Housing Finance Agency, which oversees Freddie and Fannie, says that while it will consider the HAMP changes, in a recent analysis it found "that principal forgiveness did not provide benefits that were greater than principal forbearance" -- a possible sign the GSEs may not support reducing the mortgage principal on loans, housing experts speculate.
HAMP was first launched in 2009 and set out to help some 4 million struggling borrowers modify their loans, yet it has fallen short from its original goal. To date, HAMP has helped fewer than 1 million home owners.
Some housing experts are optimistic that the changes to HAMP will allow more home owners to take part in the program, and that HAMP will help more “responsible home owners lower their costs and stay in their homes," Gene Sperling, the director of the National Economic Council, at a press conference.
The new changes to the program will take effect at the end of April. Also, the program has been extended to December 2013.
Source: “Obama Administration Expands Foreclosure Prevention Program,” CNNMoney (Jan. 27, 2012)
Read More
Beating the Odds on Short Sales
Federal Agencies Crack Down on HAMP Fraud
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