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navik [9.2K]
1 year ago
9

Fannie Mae and Freddie Mac are responsible for creating most of the commonly-used residential appraisal report forms.

Business
1 answer:
Nat2105 [25]1 year ago
5 0

Fannie Mae and Freddie Mac are responsible for creating most of the commonly-used residential appraisal report forms: TRUE

<h3>Who are Fannie Mae and Freddie Mac?</h3>
  • Congress established Fannie Mae and Freddie Mac.
  • They play a vital role in the nation's home finance system, supplying the mortgage market with liquidity, stability, and affordability.
  • They provide liquidity (quick access to cash on acceptable conditions) to thousands of banks, savings and loans, and mortgage businesses that make home loans.
  • Fannie Mae and Freddie Mac can also help stabilize mortgage markets and protect housing during times of extreme stress or volatility in the broader financial system.
  • The Enterprises' assistance with mortgage loans to finance affordable housing lowers the cost of such borrowing.
  • The majority of the regularly used home appraisal report types were developed by Fannie Mae and Freddie Mac.

As the description itself says, the majority of the regularly used home appraisal report types were developed by Fannie Mae and Freddie Mac.

Therefore the statement "Fannie Mae and Freddie Mac are responsible for creating most of the commonly-used residential appraisal report forms" is TRUE.

Know more about Fannie Mae and Freddie Mac here:

brainly.com/question/981504

#SPJ4

Complete question:

Fannie Mae and Freddie Mac are responsible for creating most of the commonly-used residential appraisal report forms. True or False

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A "Name That Tune" contest has a grand prize of $500,000. However, the contest stipulates that the winner will receive just $200
Alexxx [7]

Answer:

The correct answer is (C) $401,302

Explanation:

To get how much the contest winner actually won, we have to calculate the amount receive at the end of each year discounted at this moment. Then,  we added  all the payments.  

For example, the first payment in  $200,000 at this moment,  so we add  $200,000.  

At the end of the first year we receive $30,000, and the rate of discount is 8%

The formula of discount is P=A/ (1+r)ⁿ

A=Final amount  

P= Principal

r= interest rate

n= time

Year 1 = A/ (1+r)ⁿ =$30,000/1,08¹= 27777,77

Year 2 =$30,000/1,08²= 25720,16

Year 3=23814,96

Year 4=22050,89

Year 5=20417,49

Year 6=18905,08

Year 7=17504,71

Year 8=16208,06

Year 9=15007,46

Year 10=13895,80

 

Total  401302,44

3 0
2 years ago
In studies of seed production, why is it important to assign plots of land to either the control group or treatment group at ran
yulyashka [42]
The answer to this question is:  <span>d. it decreases the likelihood that plots that receive a particular treatment share other characteristics that might influence seed production
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7 0
3 years ago
The following sentence has a mistake.
vaieri [72.5K]

The correct answer is  B. Place the cursor after the first "t" in "important" and press Delete

Explanation:

The sentence "It is very importtant to proofread all documents carefully" has a spelling mistake; this means one of the words in the sentence is not written correctly. This word is "importtant" because according to language conventions this word is written as "important"; therefore the first "t" should be deleted. Besides this, other words are written correctly and the general sentence is grammatically correct. Thus, to correct the sentence "place the cursor after the first "t" in "important" and press Delete.

4 0
2 years ago
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Naily [24]

Answer:

0.25 or 25%

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = Gross profit ÷ Net sales revenue

where,

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= $2,000,000 - $250,000 - $50,000

= $1,700,000

And, the Cost of goods sold is $1,275,000

So, the gross profit is

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7 0
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