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castortr0y [4]
4 years ago
14

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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The state collects a gasoline tax that must be used to support highway construction and maintenance. The gasoline tax revenue sh
gayaneshka [121]

Answer:

Special revenue fund.

Explanation:

A special revenue fund is a government account created to collect money that is used for an specific purpose or project. The money collected by this type of account can only be used for the specific purpose for which it was established.

In this case, the revenue collected from the gasoline tax can only be used for highway construction and maintenance.

8 0
3 years ago
The texas general land office is accused of mishandling funds earmarked for hurricane relief and recovery. who is responsible fo
kompoz [17]

The Texas general land office is accused of mishandling funds earmarked for hurricane relief and recovery. The governor is responsible for investigating .

The governor is responsible for investigating because only the governor can call a special session . The governor also gets to set the agenda for the session as well.

The General land office has the responsibility to administer funds in the event of natural disasters like Hurricanes. They are also responsible to provide aid for long term as an disastrous event can displace people for months.

The Texas general land office through the community development and revitalization division works to rebuild communities by putting texas back in homes , restoring infrastructure and preventing future damage through planning.

To learn more about Texas:

brainly.com/question/536413

#SPJ4

5 0
2 years ago
• What are the most valuable resources within a team?
ss7ja [257]

Answer:

Intelligence and will-power.

Explanation:

Most might say that leadership and bravery. Although, if you bring a group of people who are intelligent in the business and are ready to dedicate themselves, you can get a lot done, and maybe even have a successful business within a few months/weeks.

This might sound a little weird, but money is also a very needed characteristic within a team. If you are making something big, and you believe in it, you need money for assistance with assets and other things.

I'm sorry if I misunderstood the question, that's my fault. I just found this question very interesting and I think it would've been nice to answer.

5 0
2 years ago
The 100-room fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening 90 of its rooms occupied and to
Anon25 [30]
<h2>Answer:</h2><h2>The motor lodges average daily rate for the particular evening = $1000 per room</h2>

Explanation:

The total number of rooms in fantastic Florida motor lodge = 100

On Saturday evening, the number of rooms occupied = 90

Total cash receipts for the evening = $90000

The daily rate for the evening = ?

To calculate the average daily rate for that particular evening,

Average daily rate = \frac{90000}{90} = $1000 per room

The motor lodges average daily rate for the particular evening = $1000 per room

3 0
3 years ago
3.
Luba_88 [7]

Answer:

The answer is A: You are traveling the wrong way.

Explanation:

The reasoning for this is simple. Red reflectors normally mean that you are going the wrong direction up a ramp and are accompanied by a Wrong Way sign and sometimes a Do Not Enter sign.

6 0
3 years ago
Read 2 more answers
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