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4 years ago

What percentage of the loan does PMI insure to protect the lender in case the borrower defaults on the loan?

Business

1 answer:

KIM [24]4 years ago

6 0

20 percent of the loan does PMI insure to protect the lender in case the borrower defaults on the loan.

Explanation:

PMI insurance essentially protects lendingers in the case of homeowners defaulting on their loans, as the homeowner has a shareholding of less than 20 percent.

PMI does not always protect the buyer, but it does provide you with a way of becoming a domestic owner unless you have a minimum payment of 20 percent.

This is a kind of conventional mortgage insurance insurers ask homebuyers to reduce their purchase price by less than 20%. You will need an insurance premium for your mortgage — the amount you earn PMI — though how you do this will vary with the creditor.

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While working at a busy law firm, Bruce is using Skype to meet with a client in another state. Although Bruce is trying to conce

Neporo4naja [7]

Answer:

Information overload

Explanation:

Information overload can be described as a type of difficulty experienced by individuals in some situations, it is as a result of too much information present at a particular time, this makes it hard for the individual to carry out the right decision.

As individuals we come across a lot of information daily, but our brains can only process such information one at a time, if we attempt to process more data it may lead to the overstressing of the brain capacity which may eventually cause information overload.

6 0

3 years ago

The following data are given for Harry Company:

Anon25 [30]

Question

Kindly note that the original question is not complete. The closest question found similar to the original is given below.

The following data are given for Harry Company:

Budgeted production 1,001 units

Actual production 920 units

Materials:

Standard price per ounce $1.904

Standard ounces per completed unit 10

Actual ounces purchased and used in

production 9,476

Actual price paid for materials $19,426

Labor:

Standard hourly labor rate $14.09 per hour

Standard hours allowed per completed unit 4.3

Actual labor hours worked 4,738

Actual total labor costs $76,993

Overhead:

Actual and budgeted fixed overhead $1,155,000

Standard variable overhead rate $27.00 per standard labor hour

Actual variable overhead costs $132,664

Overhead is applied on standard labor hours.

Determine the labour rate variance.

Answer:

Labour rate variance $10,234.58 unfavorable

Explanation:

The labour rate variance is the difference between the standard labour cost allowed for the actual hours worked and the actual labor cost for the same hours

Actual labour hours = 4,738

4,738 hours should have cost (4,738 × $14.09) = 66,758.42

but did cost (actual cost) 76,993.00

labour rate variance 10,234.58 unfavorable

Labour rate variance $10,234.58 unfavorable

8 0

3 years ago

Janice and Thom form Level Corporation. Janice transfers equipment (worth $60,000, basis of $40,000) for 50% of the stock in Lev

WINSTONCH [101]

Answer:

Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $

Explanation:

Based on the information we were told that Thom provide service that is worth $40,000 which means that the amount of $40,000 is Thom income but we were not told that Janice has an income, which means that Janice will have an income of $0.

Hence, Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $

40,000.

6 0

3 years ago

4. You purchased a stock at the end of the prior year at a price of $101. At the end of this year the stock pays a dividend of $

Minchanka [31]

Answer:

Pre-tax = 17.62%

After tax = 12.60%

Explanation:

The pre-tax return is determined by the difference from selling and purchase price, added to received dividends, and then divided by the purchase price:

$R_{PT} = \frac{(117-101)+1.80}{101}\\R_{PT} =0.1762=17.62\%$

For the after-tax return rate, correspondent dividend and long-term capital gains taxes should be considered:

$R_{AT} = \frac{[(117-101)*(1-0.30)]+[1.80*(1-0.15)]}{101}\\R_{AT} =0.1260=12.60\%$

8 0

3 years ago

Food, shelter, and clothing are examples of:

IRISSAK [1]

Answer:

Explanation:

3 0

3 years ago

Read 2 more answers