Answer:
Legal and ethical
Explanation:
Considering the scenario described above it is revealed that the borrower has the choice of choosing how he would prefer or have to structure his oan, while the originator or mortgage broker follows by the borrower's judgment or decision.
Hence, in this case, it can be concluded that such a scenario is considered LEGAL and ETHICAL use of what is now referred to as borrower credit.
It should be noted that this is an argument against Yield spread premium, whereby borrowers are assumed to be ignorant that YSP is being charged.
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Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Bank runs were started simply by rumors of a bank's inability or unwillingness to pay out funds.