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Mnenie [13.5K]
2 years ago
5

After a foreclosure of an fha insured loan, the lender will receive compensation in the form of?

Business
1 answer:
Nostrana [21]2 years ago
6 0

Lenders who foreclose on FHA-insured loans are compensated with the outstanding sum plus expenses.

<h3>What is a loan with FHA insurance?</h3>

An FHA-approved lender offers a mortgage loan that is guaranteed by mortgage insurance from the US Federal Housing Administration. Lenders are safeguarded from losses through FHA mortgage insurance. A government-backed mortgage that is insured by the Federal Housing

Administration is known as an FHA loan. FHA home loans are particularly well-liked by first-time homeowners since they have lower minimum credit score requirements and down payments than many conventional loans. Lenders are safeguarded from losses through FHA mortgage insurance.

If a property owner defaults on their mortgage, we'll pay a claim to the lender for the unpaid principal sum. Lenders are able to provide more mortgages to homebuyers because they are taking on less risk.

To learn more about FHA-insured loan, refer to:

brainly.com/question/24168197

#SPJ4

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Marnie makes regular annual payments of $5,000 to her Individual Retirement Account (IRA). If the amount of interest she earns i
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The future value of the account after 35 years is $511,914. 48.

The payment Marnie is making is known as an ordinary annuity. An ordinary annuity is when a fixed payment is made at the end of a period at regular intervals for a period of time.

Future value = annual payments x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Annuity factor = [(1.056)^35 - 1] / 0.056 = 102.382897

Future value = $5000 x  102.382897 = $511,914. 48

To learn more about future value, please check: brainly.com/question/18760477

4 0
2 years ago
Determine your targetarket​
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Answer:

A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.

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7 0
3 years ago
Marlene has decided to save $3,500 so that she can attend the nearby community college. Which step in the decision process shoul
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Evaluate alternatives it what I would say
6 0
3 years ago
Read 2 more answers
Deposits other than customer payments are entered using: Multiple Choice Receive Payments Pay Bills Bank Deposit All of these ch
Alekssandra [29.7K]

Answer: Bank Deposit

Explanation:

This relates to QuickBooks Online which is an accounting service that is provided to many small and medium size enterprises to help them with their accounts. It is very effective and easy to use.

When it comes to deposits other than customer payments, the relevant feature to use is the Bank deposit feature which can be found in the banking tab. You bank account can be linked to QuickBooks which would then update the your account when a bank deposit has been made.

4 0
3 years ago
According to the company's records, the conversion cost in beginning work in process inventory was $15,264 at the beginning of J
aksik [14]

Answer:

$0.873

Explanation:

Limber Company

Calculation of cost per equivalent unit for conversion costs for the month:

Units transferred:

Begining Work in process 18,000

Add Units started into production during the month 81,000

Less Ending Work in process (17,000)

Units completed and transferred out during the month 82,000

The Equivalent units of production

Conversion

Transferred to next department 82,000

Add Ending work in process 13,600

( 17,000 units × 80% complete

Equivalent units of production 95,600

Cost per Equivalent Unit

Conversion

Cost of beginning work in process $15,264

Add Cost added during the period 68,208

Total cost $83,472

Equivalent units of production $95,600

Cost per equivalent unit:

Total units/Equivalent units of production

Hence:

$83,472/$95,600

=$0.873

8 0
4 years ago
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