Find the mistakes with the underlined words, and correct the…

Find the mistakes with the underlined words, and correct them on the line provided below. Not all of the sentences have mistakes. If there are no mistakes, write “Correct” on the line provided.  Do not make any changes to correct sentences.  (They will be marked wrong.)Our son didn’t get a scholarship, so we had to paid for his tuition._________________________________________________________________________.

The following question is worth 4 points.   You have taken o…

The following question is worth 4 points.   You have taken out a $350,000, 3/1 ARM. The initial contract rate is 6.0% (annual), which will remain fixed for 3 years. Payments will be made monthly. The loan will be amortized over 30 years. Assume the interest rate on the loan (index plus margin) will increase to 6.5% at the beginning of year 4. What will be the monthly payment in year 4?

In the modern framework of home mortgage lending, there are…

In the modern framework of home mortgage lending, there are four channels by which first mortgage home loans are created. Within which of the following channels would you typically find a Wall Street investment bank obtaining loans, pooling loans, and creating a senior-subordinate security structure?