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2 years ago

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

2 answers:

8 0

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.

ElenaW [278]2 years ago

7 0

The federal home loan bank act program helped 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.

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Shontelle received a gift of income-producing property with an adjusted basis of $49,000 to the donor and fair market value of $

Ugo [173]

Answer:

The recognized gain or loss is -$4000.

Explanation:

Gift property value = $49000

fair market value = $35000

realized loss = sale price - fair market value

= $31000 - $35000

= -$4000

Therefore, The recognized gain or loss is -$4000.

4 0

3 years ago

In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 pe

vaieri [72.5K]

Answer:

(a) 8%

(b) 5%

Explanation:

According to the classical quantity theory of money,

Money supply × Velocity = Price Level × Real GDP

Money supply denoted by M

Velocity is denoted by V

Price level is denoted by P

Real GDP is denoted by Y

Therefore,

Change in M + Change in V = Change in P + Change in Y

Since, we know that V is constant, so V = 0

∴ Change in M = Change in P + Change in Y

(a) Nominal GDP = Price × Real GDP

Change in P + Change in Y = Change in Nominal GDP = Change in M

Change in M = 8%, it is given in the question.

Therefore, Change in Nominal GDP = 8%

(b) Change in M = Change in P + Change in Y

8% = Change in P + 3%

Change in P = 8% - 3%

= 5%

We know that change in price level is the inflation rate. Hence, the inflation rate is equal to the 5%.

Real interest rate = Nominal interest rate - Inflation rate

= 9% - 5%

= 4%

6 0

2 years ago

Company openness depends on the strength of the company’s grapevine. a. True b. False

Morgarella [4.7K]

Answer:

The correct answer is: False

Explanation:

4 0

3 years ago

Mark is the manager of an american company. he expects the value of the british pound to appreciate in the near future. hence, h

Paladinen [302]

Mark is using what is called a lag strategy. A lag strategy can be used when there is an intended change in payment in a foreign transaction. This usually occurs when there is an expected change occurring in exchange rates. The lag occurs when the transaction is delayed, which is what Mark is attempting to do here.

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2 years ago

You are writing the second edition of a user manual to be included with software sold to the general public. You want to reuse a

OLga [1]

Answer:

rewrite the introductory materials yourself

Explanation:

Based on the information provided within the question it can be said that in this scenario your best option would be to rewrite the introductory materials yourself . Without knowing what who wrote that section or what the contractual conditions were you cannot copy that material because you are risking being sued for copyright infringement and potentially losing a lot of money or even the software in some cases.

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3 years ago