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Ann [662]
1 year ago
9

Trid requires that all charges normally paid by a borrower and a seller in connection with a real estate closing be?

Business
1 answer:
bekas [8.4K]1 year ago
3 0

A seller in connection with a real estate closing is itemized in the Closing Disclosure.

<h3>What is TRID?</h3>

The Consumer Financial Protection Bureau (CFPB) has implemented a set of regulations called TRID in an effort to close some of the gaps that dishonest lenders have previously used to deceive customers. The mortgage information that lenders must offer to borrowers and when they must do so are governed by TRID regulations. TRID regulations also set limits on the fees that lenders may impose and how those costs may alter as a mortgage matures.

The program's goal is to assist borrowers in selecting a mortgage lender who will act in their best interests by helping them comprehend their available mortgage options. When they give you a mortgage or give you an estimate, all mortgage lenders must as of 2015 abide by TRID regulations.

Because they cover material that customers should read and comprehend before making an offer on a home and agreeing to monthly loan payments, TRID guidelines are also frequently referred to as "Know Before You Owe" laws.

To know more about TRID visit:- brainly.com/question/28525685

#SPJ4

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Warren corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual
s344n2d4d5 [400]

Answer:

What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method? $15500

Explanation:

Net Value Dep. year End Net value.

Year 1 55000 12000          43000

Year 2 43000 12000          31000

Year 3 31000 15500          15500

Year 4 15500 15500            0

6 0
3 years ago
Garcia Co. sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, and variable overhead of $45
irakobra [83]

Total cost of 10000 snowboards

Per unit Total

Direct material 100 1000000

Direct Labor 30 300000

Variable overhead 45 450000

Fixed overhead 635000

Fixed selling and administrative costs 115000

Total cost of 10000 snowboards 2500000

Cost of one snowboard = Total cost of 10000 snowboards / Total number of snowboards

Cost of 1 snowboard $ 250

Thus, the cost of 1 snowboard = $ 250

Now, the selling price is set as = Total costs + 15 % on total costs

Selling price = $ 250 + (15 % × $ 250)

Selling price = $ 250 + $ 37.50

Selling price = $ 287.50 per snowboard

8 0
4 years ago
4. Sara is the chief financial officer (CFO) of a large private corporation that is planning a major expansion. She is preparing
blagie [28]

Answer: Investment Banker

Explanation:

Investment bankers are the go to entities in the financial.world when one wants to embark on an IPO.

They play a very good role of Underwriter as they have an expertise in this market. The process works by the Investment bank giving advice to the company in question, researching and marketing information on the shares to be sold, and follow up advising afterwards.

As an underwriter, Investment banks sometimes buy up all the shares at a lower rate and then resell it, this ensures that all of the company's shares are sold.

3 0
4 years ago
A company bought a piece of land. It can use this resource to build a factory or to plant crops. The company can also hold onto
Anvisha [2.4K]

Answer:

Any value given up from not choosing the other options is the <u>opportunity cost</u>

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.  

It represent the benefits that you misses out on when choosing one alternative over another.  

In this case, the cost of opportunity is to plant crops.  

8 0
3 years ago
Determine the finance charge on a 8,000 loan with a monthly payment of 162,80 for 60 months
Fittoniya [83]
Well 162,80 divided by 8,000 is 2.035 so thats going to be your answer hope this helps
5 0
3 years ago
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