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 100 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
YES! Correct, THANKS for helping me on my review

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Sample Program for Changing Daily Caloric Intake (cont.) Sample Program for Changing Daily Caloric Intake (cont.)
Example of an employee setup screen in a computerized payroll program. Example of an employee setup screen in a computerized payroll program.
How to calculate mortgage payments (Question 2 of 2) How to calculate mortgage payments (Question 2 of 2)
How to calculate simple interest (Part 5; r = I/Pt) How to calculate simple interest (Part 5; r = I/Pt)
Saving and Investment Rates of Industrialized Countries, 1960–1974 Saving and Investment Rates of Industrialized Countries, 1960–1974
Age-Standardized Suicide Rates (per 100 000 Population), Both Sexes, 2016 Age-Standardized Suicide Rates (per 100 000 Population), Both Sexes, 2016
Video: Inflammation Animation

For a complete list of videos, visit our video library