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maksim [4K]
4 years ago
13

A conventional mortgage loan is one that is not insured or guaranteed by an agency of the U.S. government. The lender, however,

can still pursue a private mortgage insurance (PMI) policy to provide a guarantee for the fulfillment of the borrower's obligations. Typically PMI is required for all loans that have a loan to value (LTV) ratio greater than: a)40%. b)60%. c)20%. d)80%.
Social Studies
1 answer:
AleksAgata [21]4 years ago
8 0

<u>Answer</u>:    d)80%.

<em>PMI is required for all loans that have an LTV ratio of 80%.</em>

<u>Explanation:</u>

Institutions and lenders calculate the LTV ratio and assess the risk prior to the approval of a mortgage loan. <em>LTV ratio is calculated by dividing the loan amount by the property value.</em> Higher LTV ratios indicate that there is higher risk for the lenders.  

Thus a Private Mortgage Insurance has to be purchased to offset the risk of the lender. <em>The loan amount being close to the appraised value of the property means that the LTV ration is high.</em> Thus if the loan goes default the lender’s will have to face difficulty.  

If foreclosure happens the lender wouldn’t be able to make enough Profit by selling out the property.<em> This is why a PMI is demanded in such cases.  </em>

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We act on reality as we see it. Sociologists describe this process as the __________, meaning that we analyze a social context i
tigry1 [53]

Answer:

Definition of the situation

Explanation:

Definition of the situation means that we analyze a social context in which we find ourselves, determine what is in our best interest, and adjust our attitudes and actions accordingly.

This simply put is decribing that at every point we find ourselves, we try to find out what will be beneficial to us in the situation, then we end up adjusting our attitudes and actions to suit the situation as it is in our best interest.

Defining a situation helps one not to be caught unawares in any given situation.

4 0
4 years ago
(a) What was the name of the German defense, a 2,400 mile-long fortification, against an Allied invasion? (b) What was it intend
NeTakaya

Answer:

a) Hitler charged Rommel with finishing the Atlantic Wall, a 2,400-mile fortification of bunkers, landmines and beach and water obstacles

b) they were designed to rip out the bottoms of

landing craft or blow them up before they reached the shore.

5 0
3 years ago
Which of the following were used to violate the civil rights of African Americans?
gladu [14]

Answer:

African Americans were forcibly brought in chains, made to work for little to nothing, prohibited from having an education, and eventually segregated from the whites by law.

Explanation:

not real sure of an explanation, but I hope this helps :)

4 0
3 years ago
How does the​ audience impact how Frederich Engels and Karl Marx present their ideas​?
algol13

Answer:

The intended audience of the communist manifesto were urban workers. Because the manifesto was first published in German, the more specific audience were German urban workers. Germany was industrializing very fast at the time, so the potential audience was quite large.

Because the working class is not necessarily as intellectual as a doctor in philosophy like Karl Marx was, or a successful businessman and writer like Engels, the language that Marx and Engels use in the manifesto is clear, simple, and the main intention is to explain, briefly and clearly, their ideas about society, about the economy, and about the situation of the working class and their relationship with the capitalist class.

Because it is a manifesto, its main goal is to promote an idea, and an action: the idea was that capitalism is a mode of production that exploits the working class, and therefore, is unfair, and the action was the mobilization of the working class against capitalism, and for the promotion of another social system (first socialism, then communism).

Hope this helps, have a wonderful day/night, stay safe, happy holidays, and merry christmas!

8 0
3 years ago
In the two years before the signing of the Declaration of Independence, colonists grew increasingly resentful of Great Britain b
zubka84 [21]

Answer:

the brits were imposing taxes on the american colonists

Explanation:

5 0
3 years ago
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