following? A. increasing payments paid for a definitive period of time B. increasing payments paid forever C. equal payments paid at regular intervals over a stated time period D. equal payments paid at regular intervals of time on an ongoing basis E. unequal payments that occur at set intervals for a limited period of time 2. Which one of the following accurately defines a perpetuity? A. a limited number of equal payments paid in even time increments B. payments of equal amounts that are
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on demand of the lender. Usually the lender will only give the borrower a few days’ notice before the payment is due. For loans between individuals‚ writing and signing a promissory note are often instrumental for tax and record keeping. A promissory note alone is typically unsecured‚but these may be used in combination with security agreementssuch as mortgage‚ in which case they are called mortgage notes. History of Promissory note: Common
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the various internal sources of funding like accounts receivable‚ inventory reduction‚ line of credit‚ mortgages loans‚ well as short term loans and equity offering. With the variety methods of funding that can be done to attained conservative loans. The MNE main focus is on external sources; which it explore growth capital‚ equity offerings‚ bank loans‚ lines of credit and mortgages (Brigham & Ehrnhardt‚ 2011). The internal source focuses on debentures‚ lines of credit‚ and long/ short
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Summary: Countrywide Financial was a mortgage-banking firm. They had one of the largest market shares in the early 2000s‚ when the mortgage market was booming. “No company pursued growth in home loans more aggressively than Countrywide” (NY Times 12/10). They were the leader of their industry‚ with 500 billion in home loans‚ 62‚000 employees‚ 900 offices‚ and $200 billion in assets. Everything had been going well for the company and its employees‚ until the mortgage crisis began to unfold at the end
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Executing Strategy 15. Countrywide Financial Corporation and the Subprime Mortgage Debacle © The McGraw−Hill Companies‚ 2011 Case 15 Countrywide Financial Corporation and the Subprime Mortgage Debacle Ronald W. Eastburn Case Western Reserve University Angelo Mozilo‚ founder and Chairman of Countrywide Financial Corporation‚ was the driving force behind the company’s efforts to become the largest real estate mortgage originator in the United States and‚ according to some‚ was also the driving
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inaccurate credit ratings helped to create the sub-prime mortgage crisis (Issues & Controversies‚ 2010). Low interest rates developed easy credit‚ in which people could get a mortgage and credit cards based on inaccurate credit ratings with the creation of sub-prime mortgages. People have the ability to own a home‚ with no down payment or fixed income. In August of 2007‚ the United States began a loss of confidence in securitized mortgages‚ which resulted in the Federal Reserve injecting $20 trillion
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Predatory Lending In communities across America‚ people are losing their homes and their investments because of predatory lenders‚ appraisers‚ mortgage brokers and home improvement contractors who: Sell properties for much more than they are worth using false appraisals. They encourage borrowers to lie about their income‚ expenses‚ or cash available for down payments in order to get a loan and knowingly lend more money than a borrower can afford to repay. The problem has continued to get worse to the point
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goals were to increase homeownership‚ decrease risks for lenders‚ and bolster employment (Gotham‚ 2000). Further‚ the FHA provided mortgage insurance to FHA-approved private lending agencies‚ with the government assuming the risk against default through premiums paid by the borrower (Gotham‚ 2000). Therefore‚ the FHA stimulated lending by providing protection from mortgage default‚ because the government would pay the lender in the event the homeowner was unable to pay (Gotham‚ 2000). Equally important
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subprime lender is financial entity that has an inclination to lend to consumers that are not qualified for traditional loans due to their poor credit status and history of repayment difficulties. Lending to subprime candidates helped lead to secondary mortgage market issue sin 2008 (“Subprime lender‚” 2011). A subprime loan is a loan with elevated fees and interest‚ given to someone with a lower credit score (“Subprime loan‚” 2011). A major profit source for CitiFinancial and the Associates was subprime
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