Home equity loans greatly increased in popularity because
home values began to decline.
other types of loans became unavailable.
many S & L's went out of business.
they were easier to obtain than consumer loans.
interest on consumer loans lost their tax deductibility.
If an investment is worth $400,000 after ten years at an annual
compound growth rate of 4%, what was the original investment? (to
the nearest $1000)
In general, a promissory note
I. may be sold by the lender to a third party
II. is a negotiable instrument
both I and II
neither I nor II
Operating primarily in the northeastern part of the United States
life insurance companies
savings and loan associations
mutual savings banks
none of the above
Real estate financing:
is usually accomplished by mortgages
usually entails pledging of collateral security
is usually short term in nature
all of the above
a and b only