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Natali [406]
3 years ago
12

enny has applied for a loan to purchase a home and learns that she is unable to qualify for any loan other than a high-cost mort

gage. Her lender, MortgageMax, tells her that she must complete pre-loan counseling to obtain the loan. MortgageMax also tells her that it will pay for the counseling if she uses a counselor from its affiliate company, MortgageMax Counseling, and obtains her certification from this company. Which statement is the most accurate assessment of this arrangement
Business
1 answer:
nataly862011 [7]3 years ago
5 0

Answer: C. MortgageMax may pay the counseling fees, but is prohibited from steering Jenny towards a particular counselor or allowing her to complete counseling from one of its affiliates.

Explanation:

MortgageMax is violating the law in recommending a particular counselor and recommending one of its affiliates. Lenders are not allowed to direct a loan candidate to a certain counselor in order to avoid any unfortunate situations that arise from the counselor being partial to the lender.

Lenders are also prohibited from offering the counselling via an affiliate for the same reason above. They are however, allowed to pay for the counselling.

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Its because it was a seller not a retail company selling the house
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3 years ago
Kristy visited a car showroom as she wanted to buy a new car. While she was looking at a new range of compact luxury sport sedan
adell [148]

Answer:

Option C.

Explanation:

In terms of making sales, Closing is a term that is used to refer to the moment when a customer decides to make the purchase.

There are numerous closing techniques, and the minor-point close is one of the techniques.

The minor-point close is the technique whereby the salesperson tries to intentionally gain the agreement of the customer or prospect on a minor point, and then uses it to assume that the sale is closed.

This technique is exemplified in the scenario presented above. Edward has concluded that Kristy wants to buy the black car, just because she has agreed that she liked it.

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3 years ago
When a firm is operating at an efficient scale,
Alexeev081 [22]
I think it is C average total cost is minimized 
7 0
3 years ago
T/F the renaissance began in northern italy because china took interest in increasing trade with this region and in developing n
sineoko [7]

The following statement "the Renaissance began in Northern Italy because china took interest in increasing trade with this region and in developing northern Italy after its own models of society and government" is false.

Outside of Italy, northern Europe and other regions saw a Renaissance. Up until 1450, the Italian Renaissance had a relatively small impact. Renaissance movements emerged in Germany, France, England, the Netherlands, and Poland around 1450 as a result of the spread of ideals like humanism throughout Europe.

Italy was the birthplace of ancient civilization, therefore the Renaissance there began. It was in Italy, the cradle of the Roman Empire, that the Renaissance first emerged. The magnificent creations of Roman art and thought were momentarily lost after the fall of the empire in the 4th century and the ensuing dark ages.

To know more about Renaissance here

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5 0
1 year ago
A person's debt-to-income ratio describes.
Mamont248 [21]

Answer:

D. how much the person has borrowed compared to how much he or she earns​

Explanation:

A person's debt-to-income ratio, abbreviated as DTI, is a measure of a person's monthly debt obligation against their monthly gross income. It shows the fraction or percentage of gross income that is committed to debt repayments. Lenders use the debt-to-income ratio to assess a borrower's ability to repay future loans.

Calculating the debt-to-income ratio requires one to add up all their existing loan repayments and divide that figure with their gross income. Lenders insist on a ration that does not exceed 36% as per the 28/36 rule.

7 0
3 years ago
Read 2 more answers
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