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 116 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
Great answer, keep it coming :)

  • Member
  • Posts:
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Cesarean Section Rates, Selected Countries Cesarean Section Rates, Selected Countries
Cancer Survival Rates According to Psychological Response to Diagnosis Cancer Survival Rates According to Psychological Response to Diagnosis
The West Bank Challenge The West Bank Challenge
Hands-on class in a massage therapy program. Hands-on class in a massage therapy program.
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ... A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ...
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library