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lesantik [10]
3 years ago
12

A ____ borrower is a borrower with a flawed credit history and an _________is a borrower who states his or her income but does n

ot document or prove the amount of income.
Business
2 answers:
Allisa [31]3 years ago
7 0

Answer:

Subprime, Alt-A borrower

Explanation:

A subprime borrower is a person has a high credit risk for a lender. This type of borrowers may also have a thin credit history, meaning they have little or no activity in their credit reports on which lenders can base their decisions.

An alt-A borrower stands somewhere in between a prime and subprime mortgage. Borrowers whave higher credit scores and have lower interest rates get prime mortgages. Alt-A mortgages are typically low-documentation or no-documentation loans. This means that the borrower doesn’t have to fully document their income, assets, and expenses. Instead of the documentation, alt-A loans are processed based on what the borrower states are their income, assets, and expenses.

viva [34]3 years ago
4 0

Answer:

A <u>SUBPRIME</u> borrower is a borrower with a flawed credit history and an <u>ALT-A BORROWER</u> is a borrower who states his or her income but does not document or prove the amount of income.

Explanation:

Subprime borrowers are borrowers that have a bad credit score and because of this, any bank or other lending institution will either reject them as clients or charge them a really high interest rate on a loan.

An Alt-A borrower is in the middle between a prime borrower (good credit score) and a subprime borrower. He/she will not get rejected as often, but the interest rates will still be relatively high and the amounts of money borrowed tend to be smaller than prime borrowers. Some companies like Fannie Mae or Freddie Mac do not accept Alt-A borrowers, but most banks do.

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question 14(multiple choice worth 5 points) (04.02 mc) who was intended to benefit from the land act of 1800? a large-scale farm
oksano4ka [1.4K]

Since the government aimed to make westward migration more appealing to immigrants, "A poor family that coveted property" was primarily those who benefited.

Due to their inability to purchase a farm at an affordable price, many ended up squatting on public property without a valid title. The Harrison's Land Act of 1800 decreased the minimum purchase size from 640 acres to 320 acres and added a credit provision. A quarter of the total cost had to be paid up front, and the remaining amount had to be paid over the course of four years with an extra year added on for late payments.

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5 0
1 year ago
Eric is admitted to a hospital to undergo a surgery for hernia. he is unable to discern the expertise of his surgeon before the
Margaret [11]

The answer to the blank space is credence attribute. Credence attribute refers to how a good or service cannot be evaluated by consumers even after using it – even though the consumers feels the perceived value.

In the example of the question, Eric clearly doesn’t quite understand the expertise of the surgeon and is unable to evaluate it but nevertheless he benefits from it through his hernia surgery.

6 0
3 years ago
Read 2 more answers
Calculate ending inventory and cost of goods sold for 2015, assuming the company uses specific identification. Actual sales by t
Zielflug [23.3K]

Answer:

The value of closing inventory is $3,500

Cost of goods sold $40,670

Explanation:

The two tasks here is to compute the value of closing inventory and the costs of goods sold during the year.

The fact that all opening inventory units were sold and that 230 units out of 250 units bought on May 5 leaves 20 units of that batch inventory in closing inventory.

Also, 20 units of 200 units bought on November 3 in inventory since 180 units were already sold.

Hence the value of closing inventory is computed thus:

May 5 20*$85=$1,700

Nov 3 20*$90=$1,800

Total               $3,500

The costs of goods sold are is computed thus:

Opening inventory 60*$82 $4,920

May 5 230*$85                 $19,550  

Nov 3 180*$90                  $ 16,200  

Total                                   $40,670  

7 0
3 years ago
According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at
hoa [83]

Answer:

A. Do so regardless of what type of competition exists in a market.

5 0
3 years ago
Advertising is a paid form of communication, delivered through media from an identifiable source, about a ______ (select all tha
Y_Kistochka [10]

Advertising is a paid form of communication, delivered through media from an identifiable source, about a service, product and Idea.

<h3>What is advertising as a form of communication?</h3>

A product or service's customers can be reached through advertising. According to the Advertising Association of the UK, advertisements are messages that are paid for by those who send them and are meant to inform or persuade individuals who receive them.

The advertising industry is made up of businesses that advertise, agencies that produce the ads, media that run the ads, and a large number of individuals who take the ads all the way to the consumer or recipient, including copy editors, visualizers, brand managers, researchers, creative minds, and designers.

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5 0
1 year ago
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