1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mariana [72]
4 years ago
8

When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c

ompared to GMI
Business
1 answer:
vfiekz [6]4 years ago
8 0

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

You might be interested in
Informational reports should be written using the direct organizational strategy. true or false
bezimeni [28]
True because it is more helpful
8 0
4 years ago
Free pointssss free pointssss
lawyer [7]

Answer:

why not

Explanation:

i mean... why not

8 0
3 years ago
Read 2 more answers
During November, the production department of a process operations system completed and transferred to finished goods 35,000 uni
azamat

Answer:

The number of equivalent units using the weighted-average method is 185,000.

Explanation:

Determine the number of units completed and transferred out.

Number of units  completed and  transferred out  = Units in beginning

+ Units started and completed during the month

=35,000+110,000

=145,000

​  

Therefore, the number of units completed and transferred out is 145,000 units.

It is given that the beginning units completed is 35,000, and the units started and completed are 110,000. They are added to calculate the number of units completed and transferred out. Therefore, the number of units completed and transferred out is 145,000 units.

----

Determine the number of equivalent units using the weighted-average method.

Equivalent units =  Number of units completed and transferred out +  Additional units in process  ×Percentagecompleted

=145,000+(40,000×100%)

=185,000

​

6 0
3 years ago
The term "additional funds needed (AFN)" is generally defined as follows:
Ganezh [65]

Answer: Option D

                   

Explanation: In simple words, additional funds refers to the funds that a company needs for financing a specific project or other such purposes. These funds are usually procured when there are no internal funds left in the company like retained earnings etc.

Thus, these funds are procured from external sources like issuing debt securities or by offering additional equity etc.

6 0
4 years ago
With Dollar Shave Club, you can sign up online for a subscription of shaving and personal care products to be delivered to your
ch4aika [34]

In the case of Dollar Shave Club described above, the business uses the Direct Marketing Channel.

<h3>What is Direct Marketing Channel?</h3>

The direct marketing channel is used when advertising products outside of fixed retail outlets.

When people buy our products online in this day and age, direct marketing is used.

In place of an established offline marketing position, the online outlet now serves as a channel for selling to customers directly.

Direct marketing techniques include emails, online ads, flyers, database marketing, promotional letters, newspapers, outdoor advertising, phone text messaging, magazine ads, coupons, phone calls, postcards, websites, and catalog distribution.

Following are some of the main direct marketing channels: Face-to-face sales, direct mail, catalog marketing, telemarketing, TV, and other direct response media are among the other marketing methods. Kiosk marketing is another.

To know more about direct marketing channels refer to:  brainly.com/question/15331624

#SPJ4

6 0
2 years ago
Other questions:
  • When consumers started using cell phones, it became evident to technology corporations that helping consumers find a way to "sho
    11·1 answer
  • A positive shift in attitude occurs as a result of ___________.
    9·1 answer
  • The morgan company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and pr
    7·1 answer
  • One problem with conflicts of interest is that they can reduce the ________ in financial markets, thereby increasing ________. Q
    15·1 answer
  • _____ are items such as utilities, rent, and food—items that one can’t do without. Needs
    15·1 answer
  • What are factors of production?
    9·1 answer
  • A firm only has current assets and fixed assets. Its current assets are $100,000 and total assets are $300,000. The firm's sales
    12·1 answer
  • Record each transaction in the​ journal, using the following account​ titles: Cash; Accounts​ Receivable; Office​ Supplies; Prep
    6·1 answer
  • If the stock turnover rate for your industry is 3, how many months' worth of inventory should you keep in stock at all times? (a
    15·1 answer
  • What are some skills many ctsos help their members develop? select two options. friendship leadership test skills career-specifi
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!