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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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When a product is overstocked, owners will usually price the product less so that it will sell out more quickly.
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3 years ago
You own a $36,800 portfolio that is invested in Stocks A and B. The portfolio beta is equal to the market beta. Stock A has an e
madam [21]

Answer:

The answer is $13,558

Explanation:

βP = 1.0 = 1.48A+ [.72 × (1-A)]

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3 years ago
Recent U.S. Supreme Court decisions solidified the idea that the ADEA is designed specifically to protect older workers from dis
Lyrx [107]

Answer:

True

Explanation:

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General Dynamics Land Systems, Inc. v. Cline, 540 U.S. 581 (2004)

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3 years ago
The direct write off is used when:
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Answer:

The correct answer is letter "A": Uncollectible accounts are not anticipated or immaterial.

Explanation:

Direct write-off is a method used to record debts from credit sales. An allowance account is not used with this method but an account receivable directly written-off for the outstanding amount once it is determined to be uncollectible. This method is used for tax-reporting purposes.

3 0
4 years ago
A free rider is a(n) Group of answer choices interest group that files an amicus curiae brief. person who enjoys the benefits of
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Answer: Person who enjoys the benefits of a collective good, action, or service without any effort on their part.

Explanation:

In Economics, Free riders are people who benefit from resources and/or goods that are communal in nature and yet either do not pay or pay an insubordinate amount for enjoying same. Essentially they enjoy the benefits of a collective good without any effort on their part.

As a result, the good might become overused and degraded as it is not being maintained enough.

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3 years ago
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