1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Len [333]
3 years ago
10

In the mid 1990s, a radical new introduction to the mortgage industry was made that would revolutionize the way in which most ho

me loans were processed by classifying borrowers according to their riskiness. This was the introduction of ____________________ in the borrower evaluation process.
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
4 0

Answer:

the FICO score

Explanation:

The FICO Score helps the lenders to determine the how is the borrower likely to repay the loan. It is used to determine the creditworthiness and the lenders take a FICO score of the borrower into the account and also consider details like income and other things.

FICO Score helps the lenders make smarter as well as quicker decisions.

The Fair Isaac Corporation (FICO) the score to provide industry-standard for the scoring creditworthiness.

You might be interested in
When a commercial bank borrows additional reserves from another bank, it pays which interest rate?
oksano4ka [1.4K]

Answer:

Federal funds rate

Explanation:

Federal funds rate can be described as a target interest rate which is set by the Federal Open Market Committee (FOMC) and it is the interest rate at which excess reserves of commercial banks are lent to and borrowed from each other overnight.

The law requires that commercial banks must maintain certain percentage of their deposits in their account with Federal Reserve bank as a reserve. When there is an excess of money above the required level in the reserve of some banks, the excess can be lent by those banks to other banks that have shortfalls. The interest rate that is paid by the borrowing banks is the federal fund rate.

8 0
3 years ago
Read 2 more answers
Which type of ICS facility is used to temporarily position and account for personnel, supplies, and equipment awaiting assignmen
Blizzard [7]

Answer:

B. Staging Area

Explanation:

According to my research on different ICS facilities, I can say that based on the information provided within the question the type of facility being described is known as a Staging Area. This is a location where personnel, supplies,  vehicles, and equipment or material are assembled before actually being used.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
PLZ HELP ASAP
-Dominant- [34]
Ksksjisndjdjdismjwkwmsjxjsjsx
8 0
3 years ago
Read 2 more answers
A factory currently manufactures and sells 800 boats per year. Each boat costs $5,000 to produce. $4,000 of the per-boat costs a
spayn [35]

Answer:

B

Explanation:

Variable costs are incurred only when a boat is manufactured such as material and direct labor. Thus variable costs will remain unchanged since it will costs the exact same amount to manufacture another identical boat. If it costs $4,000 in material and direct labor to manufacture boat A it will cost $4,000 to manufacture boat B. Fixed costs are sunk costs that will be incurred whether they manufacture 800 or 1,000 boats per year. The rent and admin costs will remain unchanged no matter how many boats are manufactured. But the fixed cost per boat will change. The total fixed costs are $80,000 (800 boats x $1,000 per boat fixed cost). If the manufacturing rate is increased to 1,000 boats per year, the per boat fixed cost will decrease to $800. Fixed costs remain at $80,000/1,000 boats = $800.

4 0
3 years ago
Which one of the following characteristics relates to the cash break-even point for a given project?
kap26 [50]

Answer:

The project never pays back

Explanation:

The break even point in cash is a point where the minimum revenue amount of the firm arise from sales that are needed to generate the business by having the positive cash flows

hence,  the break even point in cash represents that the project will never pays back the invested amount

Therefore all the other options are wrong

6 0
3 years ago
Other questions:
  • A company offering local telecommunications service combines resources with an international company that manufactures digital s
    7·2 answers
  • You manage a pension fund that promises to pay out $10 million to its contributors in five years. You buy $7472582 worth of par-
    5·1 answer
  • At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $830 (debit) before adjustment. The
    13·1 answer
  • Which company's advertisements were known for the quote "can you hear me now?
    15·1 answer
  • Waterway Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethan
    12·1 answer
  • If Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour p
    15·1 answer
  • he 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed long
    8·1 answer
  • Suppose the government decides that every family should own its own home. To bring this about, the government decides to subsidi
    15·1 answer
  • The unique way that employees interact with each other and their customers. Also, the personality of the company
    15·1 answer
  • which of the following does not describe a project management process group? group of answer choices executes the project manage
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!