Subprime Study guides, Revision notes & Summaries

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

What data elements are MOST critical to the payments professional when comparing a merchant's current statement to the new offer proposed by the payment professional? - Answer- Volume, average ticket, rate, and transaction fee Using the interchange plus model, which of the following costs can be adjusted during negotiations with the merchant? - Answer- Acquirer markup For most credit card transactions, what is the MAXIMUM numbers of days between the sale and when a dispute request can be i...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

The American financial community's near collapse in late 2008 had been most directly ignited by the subprime mortgage-crisis - True Capitalism in American was built on the strong philosophical foundation of personal freedom and private property rights - True Democratic capitalism and state capitalism trade with each other for mutual advantage but are economic and political rivals - True Capitalism features economic cooperation and varying degrees of centralized control - False The term c...

Test bank for intermediate accounting 9th canadian edition CHAPTER 1 THE CANADIAN FINANCIAL REPORTING ENVIRONMENT MULTIPLE CHOICE—Conceptual Answer No. Description d 1. Accounting characteristics. a 2. Nature of financial accounting. c 3. Definition of financial accounting. a 4. Financial reporting entity. d 5. Efficient use of resources. d 6. Capital allocation process. c 7. Assessing management stewardship. c 8. Objectives of financial reporting. a 9. Role of AcSB. c 10....

What caused the 2008 recession? CORRECT ANSWER MAINLY Subprime mortgages - reselling of subprime mortgages as mortgage-backed securities worldwide (Lehman Brothers bank goes bankrupt) - The US gov encourages banks to lower their interest rates -- inadequate regulation of the banks and other financial institutions - The excess in both U.S. borrowing and East Asian countries' savings leads to trade deficits (US overspends) Critical Perspectives CORRECT ANSWER - 4 perspectives that criticiz...

Implicit Bias IIIWhat is an example of Racial Preference? - correct answer Consumer choices in neighborhoods and housing. (e.g. white flight to white avoidance) What is an example of Racial Transaction? - correct answer Discrimination in Housing Practices: rental, sale, assessment, and lending. What are Racialized Rates of Foreclosure? - correct answer 1. Lender's Targeted communities of color with subprime loans. 2. Lack of loan information or understanding for consumers in many of thes...

Implicit Bias III Chamberlain college school of Nursing Questions with complete solution 2024 Implicit Bias III What is an example of Racial Preference? - correct answer Consumer choices in neighborhoods and housing. (e.g. white flight to white avoidance) What is an example of Racial Transaction? - correct answer Discrimination in Housing Practices: rental, sale, assessment, and lending. What are Racialized Rates of Foreclosure? - correct answer 1. Lender's Targeted communities...

Real Estate Finance In a lien theory state, who holds the equitable title? A. Trustor B. Beneficiary C. Trustee D. Lender - correct answer Trustor All of the following are examples of primary market participants EXCEPT A. Commercial bank B. Credit union C. Fannie Mae D. Life insurance company - correct answer C. Fannie Mae The ups and downs of the real estate activities are described as A. The law of supply and demand B. The market value of real estate C. Economic cycles ...

Loans made to high-risk borrowers, at higher interest rates and with higher fees, are ______. -Highly qualified loans -Prime loans -Secondary loans -Subprime loans - ANSWER-Subprime loans Real estate licensees should counsel their buyers who are purchasing a recently remodeled or newly built property about property taxes for what reason? -Property taxes may be reassessed at a higher rate. -Taxes are a part of everyday life and need to be paid. -The property taxes paid by the previous o...