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balandron [24]
3 years ago
10

To be considered a qualified mortgage, the loan must have specific features and meet designated underwriting requirements. Based

on your understanding of what constitutes a qualified mortgage, all of the following features describe a qualified mortgage except ________.
Business
1 answer:
kvv77 [185]3 years ago
3 0

Answer:

The correct answer is d. the loan does not require verification of underwriting information from third party records.

Explanation:

A qualified mortgage has better guarantees than a normal one, since it is flexible with respect to the availability of each borrower in order to cancel the debt during the initially agreed time. Within the group of statements, d is the only one that does not correspond to the nature of this type of mortgage, since verification of the subscriber's information is necessary to assess their ability to pay and to project potential income streams.

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Which government agency oversees the Bureau of Consumer Protection?
Anna [14]

Answer:

Federal Trade Commission

Explanation:

The Federal Trade Commission was established in 1941 by the Federal trade commissions Act. Its mandate is the enforce laws that prohibit anti-competitive business activities and protect consumers from deceptive and unfair trade practices. The commission seeks to have better customer decisions by promoting consumer awareness on fair business competitive processes.

FTC also seeks to protect consumers from misleading or false business advertisements. It investigates consumer complaints and prosecutes traders believed to have broken the law.

4 0
3 years ago
Select one or more of the choices below that would properly complete the following statement.When a nation runs a trade deficit,
castortr0y [4]

Answer: it experiences a capital inflow.

Explanation:

A trade deficit is a situation that occurs when the imports of a country is greater than the exports of the country. This is usually measured in monetary terms. For example, let's say in a certain year, the United States exported $3 trillion in goods and it imported goods worth $4 trillion, th n the trade deficit will be ($4 trillion - $3 trillion) = $1 trillion.

Trade deficit can be caused because of capital deficiency. This will then lead to capital flowing into the country that is experiencing the trade deficit.

3 0
3 years ago
A bank advertises a 3/1 ARM at 4.65% with a 3/9 cap. . . What is the maximum interest rate that can be charged during the fifth
IRINA_888 [86]
<span>"a 3/1 ARM" means starting at a fixed interest rate for the first 3 years and the interest rate will adjust every year after the first three years  up to the part where it mentions a "3/9 cap". This on the other hand tells us that the increase will be 3% each time there is an interest rate increase and the max increase is 9%. Hence the answer is 9%</span>
8 0
3 years ago
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the goods so
Crazy boy [7]

Explanation:

On the books of Shore Co

Cash A/c Dr $111,560

Sales discount A/c $2,240           ($11,2000 x 2%)

              To Accounts receivable A/c $113,800           ($112,000 + $1,800)

(Being cash is received)

On the books of Blue star

Accounts payable A/c Dr $113,800    ($112,000 + $1,800)

               To Merchandise inventory A/c $2,240              ($11,2000 x 2%)

                To Cash A/c $111,560

(Being cash is paid)

8 0
3 years ago
The introduction of automatic elevator equipment allowed firms to handle the movement of people in a multistory building at less
ad-work [718]

Answer:

The marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators

Explanation:

Since in the question, it is mentioned that the automatic elevator introduction permit the firms to handle the movement of the people at least cost also it declines the demand for the operators of the elevator

This represents that the marginal product of elevator equipment would be divided by price and also it is more than for operators who are dealing in elevators

5 0
4 years ago
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