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Sati [7]
2 years ago
9

Mortgage loans made to borrowers with normal credit quality, but who lack the necessary documentation of their financial circums

tances typically needed to meet conforming mortgage standards would most likely be considered:
Business
1 answer:
Ne4ueva [31]2 years ago
4 0

Mortgage loans made to borrowers with normal credit quality, but who lack the necessary documentation of their financial circumstances typically needed to meet conforming mortgage standards would most likely be considered  alt-A loans.

  • A loan mortgage is a secured mortgage that lets in you to avail budget with the aid of using imparting an immovable asset, which includes a residence or industrial property, as collateral to the lender. The lender maintains the asset till you pay off the mortgage.
  • Alt-A is a category of mortgages with a chance profile falling among top and subprime. They may be taken into consideration excessive chance because of provision elements custom designed with the aid of using the lender. This kind of mortgage has a tendency to be extra pricey for the borrower, as they'll deliver better hobby charges and/or fees.

Thus the answer will be Alt- A loans.

To learn more about mortgage loan, refer: brainly.com/question/1318711

#SPJ10

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A small factory produces toilet paper. The annual demand is 360,000 units, and the company produces toilet paper in batches. On
Valentin [98]

Answer:

26,833 units

Explanation:

Optimal production quantity is the quantity at which business incur minimum cost. This is the level of production per batch where the incur the lowest cost.

EOQ =  

C = Carrying cost = 10 / 100 = $0.1 per unit

S = Setup cost = $100

D =Annual Demand = 360,000

EOQ = \sqrt{ \frac{2 X S X D}{C} }

EOQ = \sqrt{ \frac{2 X 100 X 360000}{0.1} }

EOQ = 26,833 units

7 0
2 years ago
According to mcclelland, managers who are extremely concerned about establishing and maintaining good interpersonal relationship
Svetlanka [38]
<span>According to mcclelland, managers who are extremely concerned about establishing and maintaining good interpersonal relationships have a high need for affiliation. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span><span />
4 0
2 years ago
There are zero coupon bonds outstanding that have a YTM of 5.97 percent and mature in 19 years. The bonds have a par value of $1
Fed [463]

Answer:

market price = $1,104.20

Explanation:

yield to maturity of zero coupon bonds = (face value / market price)¹/ⁿ - 1

  • YTM = 5.97%
  • n = 19 x 2 = 38
  • face value = $10,000

(face value / market price)¹/ⁿ = YTM + 1

face value / market price = (YTM + 1)ⁿ

market price = face value / (YTM + 1)ⁿ

market price = $10,000 / 1.0597³⁸ = $10,000 / 9.0563 = $1,104.20

8 0
3 years ago
Madison Company issued an interest-bearing note payable with a face amount of $10,800 and a stated interest rate of 8% to the Me
Aleks [24]

Answer:

$360

Explanation:

Interest Expense associated with the loan is the only operating cash flow. We need to calculate the interest expense first

As the note is issued on August 1, year 1, only  5 months has been passed on December 31, year 1, So we calculate the interest expense for only 5 months.

Interest Expense = Value of Note x Stated Interest rate x 5/12 = $10,800 x 8% x 5/12 = $360

It is assumed that the interest is paid on December 31, year 1.

4 0
3 years ago
Historical data show that during the recession of 1990–1991, the natural rate of unemployment was about 5.9% while the actual un
Lapatulllka [165]

Answer:

The actual unemployment rate was higher during the recession of 1990−1991, while cyclical unemployment was higher in 2001.

Explanation:

Given data in the question

In the year 1990-1991

The natural rate of unemployment = 5.9%

The rate of the actual unemployment = 7.0%

In the year 2001

The natural rate of unemployment = 4.8%

The actual unemployment rate = 6.0%

As we can see that

The actual unemployment is high in the year 1990-1991 i.e 7.0% as compare to the year 2001 i.e 6.0%

While the cyclical unemployment rate is high in 2001 i.e 1.2% (6.0 - 4.8%) as compare to the year 1990-1191 i.e 1.1% (7.0% - 5.9%)

6 0
3 years ago
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