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3 years ago

what act requires lenders to complie and submit their home loan origination data to their resperctive supervisry agencies

Business

1 answer:

hodyreva [135]3 years ago

8 0

Answer:

correct answer is (HMDA) Home Mortgage Disclosure Act

Explanation:

solution

(HMDA) act, Home Mortgage Disclosure Act

HMDA was enacted in the 1975 and it is implemented by a Federal Reserve Board Regulation

and Home Mortgage Disclosure Act providing public with loan data as how financial institution is serve housing need of community

and Home Mortgage Disclosure Act regulation required mortgage lender for report specific information about commercial loan for residential or apartment building etc

so here correct answer is (HMDA) Home Mortgage Disclosure Act

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If an employeeâs manager issued an explicit or strongly implied threat that submission to sexual demands is a condition of the e

Mrac [35]

If an employee manager issued an explicit or strongly implied threat that submission to sexual demands is a condition of the employee's job, it would be an example of quid pro quo" harassment.

Protect individuals from discrimination based on characteristics such as race, nationality, religion, and gender. These rights are guaranteed to all citizens under the due process and equal protection clauses of the United States Constitution and the laws of Congress.

The Civil Rights Act of 1964 outlawed discrimination in employment based on race, color, national origin, religion, or sex, and the Equal Employee's Opportunity Commission was appointed to investigate discrimination and enforce the bill's provisions. established a meeting.

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2 years ago

Exhibit 15.1 Zorn Corporation is deciding whether to pursue a restricted or relaxed working capital investment policy. The firm'

FrozenT [24]

Answer:

difference between ROEs = 10.83% (restricted) - 9% (relaxed) = 1.83%

Explanation:

total annual sales = $4,400,000

EBIT = $150,000

net income = $150,000 x (1 - 40%) = $90,000

restricted policy:

asset turnover = 2.5

sales = $3,740,000

EBIT = $135,000

net income = $81,000

assets = $3,740,000 / 2.5 = $1,496,000

equity = $1,496,000 x 50% = $748,000

ROE = $81,000 / $748,000 = 10.83%

relaxed policy:

asset turnover = 2.2

sales = $4,400,000

EBIT = $150,000

net income = $90,000

assets = $4,400,000 / 2.2 = $2,000,000

equity = $2,000,000 x 50% = $1,000,000

ROE = $90,000 / $1,000,000 = 9%

difference between ROEs = 10.83% - 9% = 1.83%

4 0

4 years ago

Hrustic Company issued $750,000 of 12% convertible bonds at face value on an interest payment date several years ago. The face v

mina [271]

Answer: The bondholders decided to convert the bonds into common stock because they believed that getting $2250 today is worth more than $120 interest every year and a $1000 principal payment at the end of the bonds life.

Explanation:

1) In order to find out the number of bonds issued we need to divide 750,000 (Total ) by 1000(Face value of each bond).Total number of bonds issues therefore are 750.

2) A 12 percent convertible bond means that the bond pays a coupon of 120 ( 0.12 * 1000) every year.

3) Each bond is convertible into 25 shares , which means if one bond is converted into common stock, the bond holder can earn $1750. We calculate this number by multiplying the number of shares which is 25 into the current market price of the shares which is 70.

4) Also the company is offering an extra $500 per bond for converting it which means (500/25) an extra $20 per share.

5) So in total the bondholder by converting a bond and selling the shares he gets by converting it can earn $2250 per bond which they bought for a $1000 and gives them 120$ of interest every year.

6) SO to conclude the bondholders decided to convert the bonds into common stock because they believed that getting $2250 today is worth more than $120 interest every year and a $1000 principal payment at the end of the bonds life.

5 0

3 years ago

In the long run, an increase in the saving rate in a steady-state economy will cause A. a decrease in the capital/labor ratio an

ANTONII [103]

Answer: C) an increase in the capital/labor ratio and an increase in consumption per worker

Explanation:

An increased in the saving rate in a steady state caused the increased in the consumption for each worker when the ratio of the capital labor become capital stock under the golden rule. As, the rate of the higher saving automatically increased the growth of the economical rate. When there is shifting from lower to higher in the steady state then, the rate of the growth increased.

4 0

4 years ago

Cusic Music Company is considering the sale of a new sound board used in recording studios. The new board would sell for $24,600

lapo4ka [179]

Answer:

the annual Operating Cash Flow (OCF) for the project (new board only) is $18,433,121

Explanation:

Sales = sale of new board = $24,600 x 1,630 = $40,098,000

Expenses = variable cost + fix cost - loss of current sales = 52% x $40,098,000 + $3,225,000 - $23,000 x (1,980-1,650) = $16,485,960

EBIT = Sales - expenses - depreciation

= $40,098,000-$16,485,960-$1,095,000 = $22,517,040

OCF = EBIT - tax paid + depreciation

=$22,517,040 - 23%x$22,517,040+$1,095,000 = $18,433,121

4 0

3 years ago