<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>
Answer:
These findings present a direct challenge to the assumption that vicariously discharging aggressive impulses reduces aggression.
Explanation:
Some professionals think that people can reduce stress and diminish their feeling of anger by practising sports. Also, they think rough sports are commonly seen as a vicarious way of discharging agressive impulses. This is because spectators feel identified with the athlete, but in the example mentioned before, this theory proved to be inconsistent.
DescriptionVincent de Paul was a French Catholic priest who dedicated himself to serving the poor. He is venerated as a saint in the Catholic Church and the Anglican Communion. He was canonized in 1737. He was renowned for his compassion, humility, and generosity.
Answer:
True
Explanation:
It is TRUE that the role of social problems belongs to our society.
Generally, it is believed that social problem arises from the societal activities or social environment. Social problems can be traced to destructive activities in government and non-governmental institutions, including schools and families.
Hence, to solve social problems, society should take some specific roles, some of which are:
1. Provision of standard and up to date education to the citizens or inhabitants
2. Provision of jobs and creation of a conducive environment for businesses to thrives.
3. Managing population growth. The higher the population as against the resources available, the lower the standard of living will arise, as there would be inadequate resources supply to go round
4. Promotion of societal values. Promoting social problems such as smoking, gangsterism, and all that should be prohibited. At the same time, social values such as success in education and heroic acts should be rewarded.
Hence, it is TRIE that Role for social problem belongs to our society
