Above image courtesy of Photographer: Matthew Staver/Bloomberg
[Washington, D.C.] Today First-Time homebuyers received more welcomed news at Nancy Pelosi’s (Speaker of the House/D-CA/12th) House of Representatives passed HR2161. Labeled as the “obstruction party” by leaders of the Trump administration the bill was passed and headed to the Senate where members are hoping majority leader Mitch McConnell doesn’t try and high jack the bill. Lately he has proudly accepted the moniker to be known as ‘the grim-reaper.”
The bill essentially can result in borrowers using FHA mortgages saving $5,375 and is based on an average loan of $211,000. Current FHA borrower must pay three percent which is known as the standard rate for mortgage insurance or the program which allows the agency operate. Unlike conventional mortgages where insurance is normally mandated if the mortgage exceeds 80% of the value of the home, FHA mortgage through their mortgage insurance premium (MIP) is mandated regardless of loan to value.
HR2161 would allow borrowers who successfully complete authorized counseling to have their premiums reduced to 2.75%. If passed and Donald Trump signs it into law you could see millions of buyers enter the marketplace.
Many borrowers use FHA insured mortgages as their entry into home ownership. Contrary to popular belief, especially political leaders who have attempted to vilify the program, historically it helped the United States of America define a middle-class standard.
[Oranjestad] For the first year we will feature baseball players from the Netherlands who are playing in MLB (Major League Baseball).
The Netherlands is located in Europe; however, it has six countries in the Caribbean that are part of their governing system. Aruba, Curacao and Bonaire are known as the ABC Islands. Due to the climate Aruba and Curacao long ago embraced the sport of baseball. A new dimension of Netherlands pride was created in 2013, as 21-year-old Xander Bogaerts who hailed from the Lago Heights community of Aruba staked his greatness as the starting shortstop for the Boston Red Sox. Coincidently, the Red Sox surprised many by going all the way and winning the World Series. Currently there are seven players from the Netherlands who are part of MLB. Four are from Curacao, one is from Aruba and one is from the Netherlands.
During my recent visit to Aruba I came across a new eatery just adjacent downtown called Parada. There I encountered Mr. Humphrey Mohammed who is passionate and knowledgeable about the game. He proudly stated, “there is great talent in Aruba and Curacao and we are very pleased of the way they are representing our country. I am fortunate as I have access to the MLB channel so I can stay informed of the progress.”
While the sport of baseball….is baseball, games in the Caribbean/Latin America are a bit different than the USA brand. And, that is not a bad thing but it boils down to your perspective of understanding the game and the cultures who have adopted it. There is lots of emotion and fan engagement featuring bands, horns and other devices and instruments presenting enthusiastic sounds.
Currently Netherlands is ranked 8th determined from the World Baseball Confederation.
This year’s edition has been expanded to include the 40-man roster instead of the 25-man roster. This was done since technically they are eligible to play at a moment’s notice.
To understand the difference please read here
25 player roster – known as the Active Roster – A club’s 25-man roster is its full roster of active Major League players.
40 player roster – The 40 Man roster is the group of players who are eligible to be added to the active (25 man) roster.