Creditworthiness - Study guides, Class notes & Summaries

A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. secondary market The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. Federal Housing Finance Agency (FHFA) The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. Gov't. National Mortgage Association - Ginnie Mae ...

Which of the following is usually the most significant source of bank income? - Answer- Lending Function Which of the following loans is normally unsecured? - Answer- Credit Card At what stage in the lending process do banks obtain and evaluate all available information to determine creditworthiness? - Answer- Investigation Discrimination against prospective borrowers because of where they live is know as: - Answer- Redlining A loan that is not guaranteed by any type of collateral is...

xES Business and Finance (276) Prep Manual & Extras Latest 2023 Already Passed Income Statement Produced once a month to ensure expense review and control Income Statement' Allows a company to determine how much money is coming in and how it's being spent Promissory Note Indicates a loan and debt financing to raise capital Convertible Securities Used to raise capital by way of equity financing Convertible Securities' Stock or bond, that can be converted to another type of security Conver...

Solutions Manual Financial Accounting for MBAs 8th Edition Easton Solutions Manual Appendix C Comprehensive Case Road Map LO Learning Objective | Topics Page eLecture C-1 Explain and illustrate a review of financial statements and their components. Income Statement :: Balance Sheet :: Statement of Cash Flows :: Audit Opinion C-3 eC–1 C-2 Assess company profitability and creditworthiness. ROE Dis...

CEC Certification Exam Questions and Answers With Complete Solution Rated 100%. Your manager has asked you to prepare an analysis for a borrowing request at Your Bank. Which of the following tasks are you most likely to complete first? a. Prepare a term sheet b. Create a projection c. Analyze the company's available collateral d. Evaluate the company's business strategy Answer- D You are calling for the first time on the owner of a successful local business that currently banks with ano...

ACG 5026 Exam 1 Questions and Answers 100% Pass What does the field of accounting encompass? The task of documenting, summarizing, and interpreting financial activities. What are the traits of financial accounting? Reports designed for external stakeholders. Must comply with GAAP. Focuses on past financial data. Provides aggregate information. What are the attributes of managerial accounting? Information tailored for internal management. Not restricted by GAAP, allowin...

WISE-Money Management/Financial Plan Questions and Answers 100% Pass What is a 401(k) plan? A 401(k) is a tax-deferred savings and investment plan designed to serve as a personal retirement fund for employees. What constitutes an asset? An asset is anything valuable that an individual or entity owns. What does a balance sheet detail? A balance sheet is a financial statement that displays assets, liabilities, and equity as of a specific date. What is a bank mortgage? A bank...

NC Post Licensing 303 Questions and Answers Already Passed What is a rent roll in property management? A detailed report of all rental income and tenant information for a property. What are common responsibilities of a property manager regarding tenant screening? Conduct background checks, verify income, and assess creditworthiness of prospective tenants. What is an operating budget for a property? A financial plan that outlines expected income and expenses for the property's...

considered to be able to pay debts Ans: To be creditworthy /'kredət,w3:ði/ -The bank refused to give him a loan, saying that he wasn't creditworthy. -They will pay between 7 and 11 per cent, depending on how creditworthy they are. the state of being creditworthy, having enough money for banks Ans: creditworthiness /'kred.It,w3:.ði.nəs/ -Unpaid medical debts ruined their creditworthiness. -People with poor creditworthiness will have difficulty obtaining mortgage loan. having to ...

Texas Business and Finance 6-12 (276) UPDATED Exam Questions and CORRECT Answers every month. - Correct ANSWER- When a company is trying to regulate its spending and track incoming funds, the accountant should prepare an income statement once creditworthiness. - Correct ANSWER- A lending company will review a borrower's accounting documentation to evaluate Doctrine of subrogation - Correct ANSWER- Which of the following doctrines prevents a person from insuring a neighbor's house?