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Arte-miy333 [17]
2 years ago
9

Mortgage lenders are required to provide an estimate of closing costs to a buyer and are prohibited from paying kickbacks for re

ferrals under which law or regulation?
Business
1 answer:
ZanzabumX [31]2 years ago
5 0

Mortgage lenders are required to provide an estimate of closing costs to a buyer and are prohibited from paying kickbacks for referrals under which law or regulation The Real Estate Settlement Procedures Act.

A mortgage is a contract between you and a lender that allows you to borrow money to buy or refinance a home and gives the lender the right to take your property if you don't pay back the money you borrow.

An example of a mortgage is when you go to the bank and borrow money for your house. A mortgage is a loan taken out to buy a property and backed by the same property. An example of a mortgage is the loan you took out when you bought your home. Claim prepayment or liability claims.

How mortgages work when buying a house. The buyer uses the mortgage funds to pay the seller for the property, and the buyer repays the money borrowed plus interest and fees over a period of time (5, 10, 15, 20, 25, etc.) To do. The buyer typically pays the lender monthly.

Learn more about Mortgage here

brainly.com/question/1318711

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A company issues a​ ten-year bond at par with a coupon rate of 6.4​% paid​ semi-annually. The YTM at the beginning of the third
sladkih [1.3K]

Answer:

\mathbf{current  \ price \  of \  the \ bond=  \$848.78}

Explanation:

The current price of the bond can be calculated by using the formula:

current  \ price \  of \  the \ bond= ( coupon \times  \dfrac{ (1- \dfrac{1}{(1+YTM)^{no \ of \ period }})}{YTM} + \dfrac{Face \ Value }{(1+YTM ) ^{no \ of \ period}}

current  \ price \  of \  the \ bond= ( \dfrac{0.064 \times \$1000}{2} \times  \dfrac{ (1- \dfrac{1}{(1+ \dfrac{0.091}{2})^{8 \times 2}})}{\dfrac{0.091}{2}} + \dfrac{\$1000 }{(1+\dfrac{0.091}{2} ) ^{8 \times 2}})

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The answer is true

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