All categories

2 years ago

Which programs helped people refinance their mortgages at lower interest rates so as to avoid bankruptcy?

2 answers:

8 0

<span>Home Owners Loan Corporation program helped people refinance their mortgages at lower interest rates so as to avoid bankruptcy. This program is created under the administration of Franklin D. Roosevelt. The main task of this federal agency is to refinance mortgages at home that have a risk of closure because of the downfall of industrial housing. The Home Owners Loan Corporation (HOLC) buy mortgages that are old from banks with bonds from the government which is funded by the capital market and treasury department.</span>

ElenaW [278]2 years ago

7 0

The federal home loan bank act program helped <span>people refinance their mortgages at lower interest rates so as to avoid bankruptcy.

When you refinance your home, you are able to stretchy out the payments for more years again which allows for easier payments to be made. Most who struggle, can't afford the dollar amount they are supposed to be paying and now can afford it much easier. </span>

You might be interested in

At the beginning of the period, a company reports a balance in office supplies of $450. During the period, the company purchases

Hoochie [10]

Answer:

Explanation:

Before passing the journal entry, first, we have to compute the total supplies consumed. The formula to compute the total supplies consumed is shown below:

= Beginning balance of supplies + Purchase of supplies - ending balance if supplies

= $450+ $3,400 - $900

= $2,950

Now the journal entry would be

Supplies expense A/c Dr $2,950

To Supplies A/c $2,950

(Being supplies consumed recorded)

4 0

2 years ago

Which is an example of new media?

bulgar [2K]

New media are forms of media from computers or that rely on computer/digital technology (old media are phones,radios, etc)

Examples of new media: computers, online databases, you tube, social media networks, online news articles, etc.

3 0

3 years ago

Whistle Corp. has a preferred stock that pays a dividend of $2.40. If you are willing to purchase the stock at $11, what is yo

kiruha [24]

Answer:

B. 21.8%

Explanation:

Cost of preference capital = $\frac{dividend}{price}\times100$

No adjustment of growth rate is done as the dividend on preference capital is constant and do not grow in normal conditions, that is it only differs in exceptional conditions.

therefore, in the given instance we have,

Dividend = $2.40

Current price = $11

Expected Return = $\frac{2.40}{11.00} \times 100$ = 21.8%

Thus correct option is

B. 21.8%

6 0

2 years ago

kifflom [539]

cricket- India

football- Russia

tennis- France

8 0

2 years ago

Marston Corp. writes 28 checks a day for an average amount of $398 each. These checks generally clear the bank 3 days after they

irina [24]

Answer:

The Marston Corp. disbursement float is $ (16,768.00)

Explanation:

The firm writes 28 checks a day for an average amount of $398 each, is equal to say = 28 * $398 = $ 11,144.00 . If these checks generally clear the bank 3 days after they are written, then = $ 11,144.00 * 3 = $ 33,432.00

And, the firm generally receives 40 checks with an average amount of $502 each, is equal to say = 40 * $502 = $ 20,080.00 . If the deposited amounts are available after an average of 2.5 days, then = $ 20,080.00 * 2.5 = $ 50,200.00

The Marston Corp. disbursement float is = $ 33,432.00 - $ 50,200.00 =

$ (16,768.00)

7 0

2 years ago