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New Bill Encourages Homeownership Counseling

first_img A new measure passed by the House Financial Services Committee recently could help more low-income households achieve their dream of homeownership.The bipartisan legislation called the Housing Financial Literacy Act requires the U.S. Department of Housing and Urban Development (HUD) to provide a 25-basis-point discount in upfront Federal Housing Administration (FHA) single-family mortgage insurance premiums for first-time homebuyers who complete a housing counseling program to help them sustain homeownership.The bill was introduced by Rep. Joyce Beatty (D-OH) and Rep. Steve Stivers (R-OH).“Motivating first-time homebuyers to seek vital pre-purchase counseling and equipping them with the much-needed financial skills and tools to make informed financial decisions benefits their families, the surrounding neighborhood, and our entire economy,” Beatty said. “I am pleased to see my bill move one step closer to becoming law, and many thanks to my Democratic and Republican colleagues for their support.”The Bill still needs to be passed by the Senate before it goes to the President’s desk to get signed into law. According to a CNBC report, if passed, this legislation would allow first-time homebuyers, especially those from low- or moderate-income households, who opt for an FHA loan to pay less.Currently, borrowers who take an FHA loan are required to pay mortgage insurance to the agency as well as an upfront mortgage insurance premium, since these loans are often taken by buyers with low credit scores and pose an increased risk for lenders. Borrowers today, pay 1.75% of the base loan amount towards mortgage insurance.However, if the bill passes the Senate vote, they would have to pay only 1.5% of the base loan amount towards these charges, if they opt for housing counseling, the CNBC report indicated.”The Department of Housing and Urban Development, which FHA is part of, should make sure the counseling is designed well,” Pete Mills, SVP of Residential Policy for the MBA told CNBC. “Face-to-face would be better than online.” Sign up for DS News Daily Home / Daily Dose / New Bill Encourages Homeownership Counseling Tagged with: FHA Homebuyers Homeownership House Financial Services Committee Households HUD loans mortgage Subscribe Previous: Single-Family Zoning’s Impact on Climate Change Next: Vacancy Taxes: Pros and Cons FHA Homebuyers Homeownership House Financial Services Committee Households HUD loans mortgage 2019-07-24 Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post About Author: Radhika Ojha Share 1Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago New Bill Encourages Homeownership Counseling Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago July 24, 2019 1,834 Views Related Articleslast_img read more

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Bolivian Army and National Police Eradicate Large Amounts of Illegal Coca

first_imgSince January 1, the Bolivian Army and National Police have eradicated 960 hectares of illegal coca crops that would have been used to make cocaine, Felipe Cáceres, Bolivia’s Vice Minister of Social Defense and Controlled Substances, said on March 25. Since January 1, the Bolivian Army and National Police have eradicated 960 hectares of illegal coca crops that would have been used to make cocaine, Felipe Cáceres, Bolivia’s Vice Minister of Social Defense and Controlled Substances, said on March 25. The Colombian National Army’s Infantry Battalion No. 47’s General Francisco de Paula Vélez Unit destroyed two cocaine laboratories belonging to the Revolutionary Armed Forces of Colombia (FARC) and two others operated by Clan Úsuga. In Bolivia, farmers working on behalf of drug trafficking organizations cultivated 23,000 hectares to grow coca in 2013, the smallest number of hectares used for such purposes since 2002, according to the International Narcotics Control Board. Bolivia grows limited amounts of legal coca, which is used in teas, medicine, and during Andean religious rites. In Bolivia, farmers working on behalf of drug trafficking organizations cultivated 23,000 hectares to grow coca in 2013, the smallest number of hectares used for such purposes since 2002, according to the International Narcotics Control Board. Bolivia grows limited amounts of legal coca, which is used in teas, medicine, and during Andean religious rites. The Colombian National Army’s Infantry Battalion No. 47’s General Francisco de Paula Vélez Unit destroyed two cocaine laboratories belonging to the Revolutionary Armed Forces of Colombia (FARC) and two others operated by Clan Úsuga. Colombian National Army destroys 4 cocaine-producing laboratories The Army didn’t immediately report the names of the three suspects they captured during the raids. Three of the laboratories were in the Department of Chocó, while the other was in the Department of Antioquia. Soldiers and police concentrated their eradication efforts in the tropical regions of Yungas and Cochabamba; they’re also searching for illegal coca plantations in natural parks and ecological reserves nationwide to prevent the country’s resources from being exploited by narcotraffickers. The unit, which is part of the Army’s Seventeenth Brigade, collectively seized 88 kilograms of chopped coca leaves, 390 gallons of gasoline and 171 kilograms of urea among other supplies and equipment. Each laboratory could produce more than 80 kilograms of cocaine monthly; thus the raids dealt a severe financial blow to the FARC and Clan Úsuga, as each kilogram of cocaine was worth about $80 million Colombian pesos (about $31,551 dollars). Colombian National Army destroys 4 cocaine-producing laboratories By Dialogo March 31, 2015 Soldiers and police concentrated their eradication efforts in the tropical regions of Yungas and Cochabamba; they’re also searching for illegal coca plantations in natural parks and ecological reserves nationwide to prevent the country’s resources from being exploited by narcotraffickers. The unit, which is part of the Army’s Seventeenth Brigade, collectively seized 88 kilograms of chopped coca leaves, 390 gallons of gasoline and 171 kilograms of urea among other supplies and equipment. Each laboratory could produce more than 80 kilograms of cocaine monthly; thus the raids dealt a severe financial blow to the FARC and Clan Úsuga, as each kilogram of cocaine was worth about $80 million Colombian pesos (about $31,551 dollars). The Army didn’t immediately report the names of the three suspects they captured during the raids. Three of the laboratories were in the Department of Chocó, while the other was in the Department of Antioquia.last_img read more

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Opposition reveals new IPO nominee

first_img 10 Views   no discussions LocalNews Opposition reveals new IPO nominee by: – June 28, 2011 Sharing is caring! Share Sharecenter_img Share Tweet Leader of the Opposition United Workers Party, Hon. Hector John. Photo credit: uwpdm.comA former Attorney General is the new nominee for the United Workers Party to sit on the Integrity Commission.Opposition Leader Hector John said Anthony Larond will replace former High Commissioner George Williams who has resigned because of illness.“We have informed the President of our nominee to replace George Williams who has suffered a stroke some months ago and resigned from the Commission. Larond will be our new nominee. You heard how much noise they made about Dave Bruney. But we know he will represent the interest of Dominica at the highest level…” he said.John was speaking at a public meeting in St Joseph last night.Dominica Vibes Newslast_img read more

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iPhone 5S Rumors Point To August Release, iPad In April

first_imgdan rowinski Related Posts Role of Mobile App Analytics In-App Engagement What it Takes to Build a Highly Secure FinTech … Tags:#Apple#iPad#iPhone center_img The iPhone and iPad rumor mills have become a tired and played out annual rite of the gadget wars. When are they coming? What will they look like? Apple rumors are big business, even when they are horribly inaccurate.The latest rumors making the circuit concern the timing of Apple releases for the fifth-generation iPad and the so-called iPhone “5S.” According to Rene Ritchie from Apple-centric blog iMore, we could see the next iPads coming in April. The iPhone 5S is likely scheduled for late summer, probably August. Too Soon? Another New iPadApple has accelerated its iPad release schedule over the past year. The first three iPads came out once a year, with announcements coming in March. Apple then flipped the script at the end of 2012, announcing both the iPad Mini and the fourth-generation iPad at the end of October. Here we are getting a new iPad, allegedly, about six months later.This is will probably not comfort Apple consumers that felt duped after buying the third-generation “new” iPad last year only to see the fourth-generation come out in time for the holiday shopping season. People seem to want to have this odd notion that when they get the “new” iPad, it is actually, you know, new. Ritchie believes that the iPad Mini 2 (that’s what he is calling it) could also be coupled with the fifth-generation iPad release. iPhone 5S: Another One, Just Like The Other OneAn August release for an iPhone 5S makes sense. Late summer will be almost a year since the release of the iPhone 5 and in time for the back-to-school shopping season with enough time to still be popular for the holidays. What is more disappointing is that the iPhone 5S is said to be basically the same damn phone that the iPhone 5 is, just a little thinner with a better processor and better camera optics. Big Shrug. The important bits of the next iPhone will likely be improvements to the iOS operating system and maybe iCloud that is actually useful. We’ll see, but the iPhone 5S rumors from Ritchie are not exactly inspiring. Making Sense Of The Apple Release ScheduleApple has historically been very good about announcing something new about once a quarter. The pattern had been an iPad in Q1, iOS and maybe Mac updates in Q2 around Apple’s World Wide Developers Conference, then iPhone around the end of Q3. Apple threw in the iPad Mini and fourth-generation iPad in Q4 last year for good measure.This year, we have heard nothing from Apple about a Q1 release. Last year’s release of the iPad Mini likely cannibalized the 2013 Q1 release, so that is not much of a surprise. WWDC is still likely to give us news in Q2 and then there is the iPhone in August for the Q3 release. Then there are the outliers: An Apple TV and the supposed iWatch. Nobody has really been able to confirm that an actual Apple television (not the little streaming box) is an real thing. We know more about the so-called iWatch at this point, which rumors point to coming in Q4 this year. For the Apple cultist in all of us, that is probably the best guess for you gadget buying year. We won’t actually know when Apple will release its new products for 2013 until Cupertino sends out the invites.  The Rise and Rise of Mobile Payment Technology Why IoT Apps are Eating Device Interfaceslast_img read more

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Sony Announces the New 6K CineAlta VENICE Cinema Camera

first_imgThe latest cinema camera added to Sony’s CineAlta line is the new VENICE, a camera created by and for cinematographers.All images via Sony.The new CineAlta VENICE is a full-frame 6K camera equipped with a 36x24mm sensor. It can capture images up to a max resolution of 6048×4032.The VENICE can also natively support Super35 24.9×18.7mm, 4096 x 3024 resolution (equivalent to 4-perforation motion picture film), and Super35 24.9×14.0mm 4096 x 2160 resolution (equivalent to 3-perforation motion picture film).The camera can capture in almost any format, including the following:18mm-heightSuper35 anamorphicSuper35 sphericalSuper35 full-frame24mm-height anamorphic24mm-height sphericalNearly every aspect ratio In addition, licenses will be available to expand the camera’s capabilities in the future, with new features like 4K anamorphic and full-frame. Future upgrades will allow the VENICE to shoot 36mm wide 6K resolution.It is our next-generation camera system, a ground-up development initiative encompassing a completely new image sensor. We carefully considered key aspects such as form factor, ergonomics, build quality, ease of use, a refined picture and painterly look—with a simple, established workflow. We worked in close collaboration with film industry professionals. We also considered the longer-term strategy by designing a user interchangeable sensor that is as quick and simple to swap as removing four screws, and can accommodate different shooting scenarios as the need arises.  —Peter Crithary, marketing manager, Sony Electronics.The VENICE is easy to operate with control panels on both the operator and assistant sides of the camera. It captures high-quality and efficient files through 16-bit RAW/X-OCN via the AXS-R7 recorder, and 10 bit XAVC workflows.The camera body was designed to be fully modular, and it is first camera with a built-in 8-stage glass ND filter system. A 24 V power supply input/output and LEMO connector allow use of many standard camera accessories, designed for use in harsh environments.The camera will be available in February 2018. No word on the cost of the body yet.For more on the new Sony CineAlta VENICE, visit the Sony website.last_img read more

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Azamgarh boy pens down ICC World Cup theme song

first_imgThe ICC World Cup is still two weeks away, but its official theme song is already making cricket fans in India dance to an Azamgarh boy’s tunes. Manoj Yadav, who has penned the World Cup anthem, De ghuma ke, can’t thank his mentors Shankar-Ehsaan-Loy enough for this opportunity.”I have been working with them for the last one-and-a-half years and they recommended me to O&M for the World Cup anthem. I am really grateful to them for their faith and appreciation,” he says.Though settled in Mumbai for the past several years, Manoj is proud of his small town roots and attributes the emotional connect in De ghuma ke to this fact.”I am happy to be from Azamgarh in Uttar Pradesh. I think being from a small town cultivates a passion in you which makes you work doubly hard. I’ve been lucky to have completed my primary education from Azamgarh. It has really made me an emotional person and I try to carry forward these emotions in my work.”It took Manoj almost two months to write the song. “Writing for cricket as a subject has been an emotional experience for me. I had to be really particular with the lyrics. There had to be a connect with the masses since cricket is considered a religion in India,” he says.The basic idea was to weave the excitement and passion of cricket in words, Manoj says. “For instance, the lines aasman mein maar ke dubki is an attempt to create a visual effect of fielding and sarr se cheer hawa ka parda an attempt to highlight the thrill of fast bowling,” he adds.The song, which has already been released, will be played during the inaugural ceremony as well as between the matches during the tournament starting February 19.Shankar-Ehsaan-Loy have composed the music for the theme song.Manoj is on cloud nine that his song got the honour to be the World Cup anthem and that it is receiving appreciation. But this is not the first time he has written for cricket.Not many know that he also penned the title song of the Indian Premier League’s South Africa version in 2009, Ek desh ek junoon.He has also worked for several Marathi films and ad films, including the famous Abhishek-Aishwarya Lux jingle, Sone se bhi sona lage.Having received accolades for De ghuma ke, Manoj has many big offers coming his way, one with a leading Bollywood composer. However, this humble Azamgarh boy is reluctant to name the projects. “I am just keeping my fingers crossed and hoping for the best,” he says. – With PTI inputsadvertisementlast_img read more

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Fatal shooting of Colten Boushie a freak accident defence

first_imgThe Canadian Press BATTLEFORD, Sask. – A defence lawyer says an Indigenous teen who died in a shooting on a Saskatchewan farm was the victim of a freak accident.Gerald Stanley’s lawyer is making his opening arguments before a jury hearing the man’s second-degree murder trial.Scott Spencer told jurors that 22-year-old Colten Boushie’s death wasn’t justified, but they must put themselves in Stanley’s shoes.He said the Stanley family was facing intruders on their farm near Biggar, Sask., in August 2016 which created a panic situation.Spencer suggested it wasn’t unreasonable for warning shots to be fired to scare off the intruders and called the fatal shooting a “freak accident in the course of an unimaginably scary situation.”Boushie was sitting in the driver’s seat of a grey Ford Escape when he was shot.“This is not a justified death. It is never right to take somebody’s life. But that’s not what this case is all about,” Spencer told court in Battleford, Sask., on Monday.“For farm people, your yard is your castle. We have a family. They were working on their ranch. That’s what the day started like for Gerry and his family. What happened is they faced essentially (an) intruder.”Court has heard an SUV with a flat tire carrying five people drove onto the Stanley farm. The driver testified the group had been drinking during the day and tried to break into a truck on a neighbouring farm, but went to the Stanley farm in search of help with the tire.Stanley’s son has testified that on the day of the shooting, he and his father heard an ATV start and thought it was being stolen. The pair ran toward the SUV and threw a hammer at the windshield as the driver tried to leave the farm.Sheldon Stanley said he went into the house to get his truck keys and heard two gunshots. He said he heard a third when he came back out. He told court he saw his father, looking sick, with a gun in his hand saying, “It just went off.”“You have to view it from Gerry’s perspective and what he faced. The fear, the unknown. When you’re in a situation where you have intruders and you don’t have the luxury of being able to wait for police assistance. This case comes down to what’s reasonable,” Spencer said.“It’s not a self defence. What can you do to protect yourself in those circumstances? You can’t use lethal force but is it reasonable to deal with the circumstance to protect you and your family?”Spencer suggested Stanley’s gun misfired.“The reality is the gun just went off. If they would have just stopped … stopped stealing … just walked away he wouldn’t have had to go over there.” said Spencer, who added that Stanley will take the stand to explain what happened.The Crown wrapped up its case last week.last_img read more