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USPshnik [31]
2 years ago
14

What is a mortgage? what were the important developments in the mortgage market during the years after 1970?

Business
1 answer:
Yuri [45]2 years ago
4 0

A mortgage is a that type of loan which is used to purchase or maintain any home or  land or other types of real estate.

The borrower always  agrees to pay the lender an amount over time, generally in a series of regular payments which are divided into principal and interest. The property is then served as collateral to secure the loan.

The history of mortgages in the United States was very turbulent. Market disruptions which  arose from the Great Depression lead to the creation of government institutions which backed the mortgages.

The Home owners loan corporation, the federal national mortgage association and The federal housing administration  were some of the institutions which were formed as government institutions.

To know more about mortgage here:

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I am sending this message to let you know that Tuesday's meeting has been cancelled is ineffective because it contains a long le
nasty-shy [4]

Answer:

True Tuesdays meeting has been cancelled all thats needed

8 0
3 years ago
C&A's potato chip filling process has a lower specification limit of 9.5 oz. and an upper specification limit of 105 oz. The
kirza4 [7]

Answer:

Process capability index (cp) for the chip filling process is 0.56

Explanation:

Process capability index (cp) = (Upper Specification Limit - Mean) / (3 * standard deviation) = (Mean - Lower Specification) / (3 * standard deviation)

Process capability index (cp) = (10.5 - 10) / (3*0.3)

Process capability index (cp) = 5/9

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8 0
4 years ago
Why might it be important to get a lower interest rate on a mortgage?
lyudmila [28]
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8 0
3 years ago
Read 2 more answers
Old-style and standard sprinklers protect ceiling equally well. True or false
gayaneshka [121]

Answer: False

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3 0
3 years ago
In​ 2015, Apple introduced the Apple Watch. Assume that the cost of producing the 38mm Apple Watch Sport was ​$88. The price was
dem82 [27]

Answer:

Apple's price/marginal cost ratio, Lerner index, and the elasticity of demand is 3.76, 2.76 and - 0.36 respectively.

Explanation:

a. The computation of apple's price/ marginal cost ratio is shown below:

Price/ marginal cost ratio = Price ÷ cost

                                          = $331 ÷ $88 = 3.76

b. The computation of Lerner index formula is shown below:

Lerner index = (Price - marginal cost) ÷ price

                        = ($331 - $88) ÷ $88

                        = $243 ÷ $88

                        = 2.76

c. The computation of elasticity of demand is shown below

Elasticity of demand = -  1 ÷ Lerner index

                                  = - 1 ÷ 2.76

                                  = - 0.36

Hence, apple's price/marginal cost ratio, Lerner index, and the elasticity of demand is 3.76, 2.76 and - 0.36 respectively.

7 0
4 years ago
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