Jorge has applied for a mortgage loan to purchase his own ho…

Jorge has applied for a mortgage loan to purchase his own home. His credit score is well above the minimum 640 required by the lender. The appraised value of the house is $280,000 and purchase price of the house is $285,000. The maximum loan to value the mortgage lender allows is 95%. The mortgage lender’s maximum front-end debt ratio allowed is 29% and maximum back-end debt ratio allowed is 41%.The lender is charging a one (1)-point origination fee and that is included in the total closing costs. Jorge’s Total Gross Monthly income is S13,000.00 The proposed monthly PlTl is $3,650.00 Jorge’s total other monthly debt: $1,550.00 Based on this information, what is Jorge’s back-end debt to income ratio? (Round your answer to two decimal places).  

When companies that manufacture shipping containers want to…

When companies that manufacture shipping containers want to buy iron ore, the purchase decision is solely based on price. This is because there are a large number of sellers in the iron ore industry, and iron ore is a highly undifferentiated commodity. Which of the following industry competitive structures does the iron ore industry best illustrate?