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Oksanka [162]
2 years ago
14

How does a lender in the primary mortgage market earn money when a loan is originated?

Business
1 answer:
Arlecino [84]2 years ago
4 0

Mortgage lenders can make money in a variety of ways, which includes origination fees, discount points,  yield spread premiums, closing costs, loan servicing and mortgage-backed securities.

Yield spreads are the spreads which  include the spread of the rate which any lender pays for money borrowed by them from larger banks and the rate which they charge from borrowers.

Closing costs are the fees which the lenders may take from  th8e borrower include application, underwriting, processing, loan lock, and other fees.

Lenders always use their funds when they extend mortgages, they  charge an origination fee of 0.5% to 1% of the loan value for extending this , which becomes due with mortgage payments.

To know more about the mortgage lenders here:

brainly.com/question/28222316

#SPJ4

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After a kick-off session and six contentious weekly team meetings, Lola is struggling to align her team around common expectatio
Amiraneli [1.4K]

Answer:

storming

Explanation:

Based on Bruce Tuckman’s theory of team development it seems that Lola's team is currently in the storming phase of the evolution process. This is the second phase in the process, in which individuals are still showing hostility towards one another and have not have not fully assigned or understand each persons role in the team. This leads to resisting control from any authority within the group, and prevents team goals from being achieved.

7 0
3 years ago
When Smartsheet, a producer of software, delayed the introduction of its new app to modify the package, its scheduled TV adverti
finlep [7]

A change in the  product variable caused changes in the promotion variable of the marketing mix.

<h3>What is the marketing concept?</h3>
  • The marketing notion is the belief that businesses should assess the demands of their clients before making choices that will best meet those needs.

<h3>What is a market concept?</h3>
  • The "correct" principle is the foundation of the marketing concept.
  • The marketing idea is the use of marketing data to concentrate on consumer needs and wants in order to design marketing strategies that not only meet customer needs but also achieve organizational goals.

<h3>What is the marketing process?</h3>
  • In order to research market prospects, select a target consumer, and develop a comprehensive marketing plan to engage with those customers and qualify leads for the sales team, a company must first go through the marketing process.

Learn more about  marketing process here:

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3 0
2 years ago
Jerilyn has a $10 coupon and a 15% discount coupon for her favorite store. The store has a policy that only one coupon may be us
poizon [28]

Answer:

  • <u><em>It is best for Jerilyn to use the $10 coupon when the value of the purchase is equal or lower than $66.67, and it is best to use the $10 coupon when the value of the purchase is greater than $66.67</em></u>

Explanation:

Assume the value of the purchase is P.

Then <em>15%</em> of P is 0.15P.

To obtain the maximum benefit from the <em>15% coupon</em>, <em>Jerilyn</em> should use it when the discount from it is greater than the discount from the $10 coupon. This is:

  • 0.15P > $10

Divide both sides by 0.15:

  • P > $10 / 0.15

  • P > $66.67

If the value of the purchase is equal to $66.67 the total discount with any cuopon are equal; if it is lower than $66.67, the discount of the $10 coupon is greater.

Thus, you conclude that for a $66.67 purchase she should use the $10 cuopon and for a purchase greater than $66.67 she should used the 15% cuopon.

4 0
4 years ago
Valerie promises Teresa that she will pay Teresa $50 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans
Leya [2.2K]

Answer:

b) false

Explanation:

This could be considered a bilateral and executory contract because both parties agreed to perform and exchange consideration in the future (in this case, Saturday). But it cannot be considered an implied contract.

E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.

But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.

Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.

4 0
4 years ago
Which one of the following can be classified as an annuity but not as a perpetuity?
Virty [35]

Answer: Option D

Explanation: Annuity refers to the payments made by an individual to another at equal intervals of time. And perpetuity refers to an annuity that has no end.

Hence the correct option is D. As in first two options the amount of payment will increase. Also in the last option the payments are made forever and equally so it is a perpetual annuity.

6 0
4 years ago
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