This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: First Fifth Bank has a mortgage lending program that discounts the interest rates on mortgages in ... (Read 128 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
on: Jun 24, 2018
First Fifth Bank has a mortgage lending program that discounts the interest rates on mortgages in certain areas. For example, if there are certain areas of a city in which the repayment rate for mortgages is high, First Fifth charges lower interest rates to the homebuyers in those areas. Discuss whether there are any constitutional or Fair Housing Act issues.

Question 2

A description in a deed that refers to a plat map that is then not attached to the deed is legally insufficient.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fraziera112

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 24, 2018
Answer to Question 1

The practice of First Fifth Bank is one that is under scrutiny, particularly when the areas that have lower interest rates have single racial composition. The racial singularity leads to questions about redlining - whether areas are shut out from the best interest terms because of broad generalizations.

Answer to Question 2

TRUE


Mr. Wonderful

  • Member
  • Posts: 866
Reply 2 on: Jun 24, 2018
Gracias!

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

International Television Viewing Rates in Childhood In most developed countries, children watch TV International Television Viewing Rates in Childhood In most developed countries, children watch TV
Sample Exercise Program for Healthy Older Adults Sample Exercise Program for Healthy Older Adults
A comparison of adiabatic and environmental cooling rates. A comparison of adiabatic and environmental cooling rates.
Analysis of intial rates Analysis of intial rates
How to calculate mortgage payments (Question 2 of 2) How to calculate mortgage payments (Question 2 of 2)
A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ... A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ...
Video: The Nerve Impulse

For a complete list of videos, visit our video library