Answer:
Reverse Mortgage Loan
Explanation:
Banks allow older people above the age of 62 to use their home's value to obtain a reverse mortgage loan. The bank values the home and extends credit facilities to its elderly owners. The loan amount is usually a part of the home's value and is paid as a lump sum or fixed monthly payments.
Maury wants to apply for a reverse mortgage loan. He will use the value of their home to obtain a credit facility to care for Bev. Maury does not need to repay the loan. The bank will recover its money by selling the house once the couple dies or relocates.
The total amount payable is $4,025.
(One point equals one percent of the loan amount. 3.5% of $115,000 is three and a half points, or $115,000 x.035 = $4,025. (one and a half and two).
Lender
A lender is a person, a group (public or private), or a financial organisation who makes funds accessible to a person or business with the expectation of repayment. Payment of any interest or fees will be included in the repayment. Lenders give funding for a variety of purposes, including home mortgages, auto loans, and small business loans. The loan terms outline how it must be satisfied, such as the payback time and the implications of late payments and default. A lender may use a collection agency to recover overdue monies.
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According to the <em>"Not Too Big Enough" </em>article, some of the <em>sources of </em><em>scale economies</em><em> in the banking and finance industry</em> are as follows:
1. Bigger banks can spread their investment (fixed) costs over more output, thereby <em>reducing the </em><em>cost per unit </em><em>and making it impossible for </em><em>smaller banks </em><em>to compete in the market</em>. Most often, the smaller banks cannot afford investments in modern banking computing power and systems management.
2. Bigger banks can <em>consolidate banking functions</em> with the <em>elimination of redundancies </em>after each merger and acquisition. The cost of redundancies also gives them economies of scale.
3. Bigger banks have access to <em>larger pools of </em>deposits and will not engage in borrowing at higher costs. Smaller banks cannot tow this line because of their small scale, lacking the required funding mix.
4. Finally, advertising works best where a bank has a large geographic spread. The cost of advertising over a large area is worth it, unlike when a small bank markets its services by advertising.
2. These economies of scale mean that Oligopolies are increasing on Wall Street, and there will be further consolidations of smaller banks. Of course, every small bank would like to engage in mergers and acquisitions to grab a share of the scale economies.
Thus, <em>as banks grow large</em>, they should be mindful that enjoying the scale economies comes with the risk of crumbling like the banks regarded as <em>"too big to fail" </em>when they build on a pack of cards.
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Answer:
to meet the competitive requirements of customers, suppliers and business partners.
Explanation:
The world is slowly drifting towards a global age and we all need internet based technologies to keep up. The suppliers need the technologies to advertise their goods and keep up with customer demands and satisfaction. The customers need it to be able to find things they want and also get in touch with their favourite suppliers. The business partners need it to know the in and out of their investment and keep abreast of the business track.
Answer:
U.S. Sentencing Commission Guidelines
Explanation:
The U.S. Punishment Panel may be described as an autonomous branch of the judiciary of the U.S. government. It is responsible for determining the U.S. sentencing guidelines for all the federal courts.
The Council began propagating the National Sentencing, which replaced the previous system of indeterminate sentencing that allowed jurors to hand down penalties varying from parole to severe criminal penalty for the crime. Head office reside in Washington, D.C.
