Chapter 7.5, Problem 3CC

What does it mean when a lender accelerates on a note? What is meant by forbearance?

Which of the following type of loan is best used for temporary shortfalls of income? a. Secured loans b. Long Term Loan c. Line of Credit d. Short-Term Loan

A forward rate is a borrowing/lending rate for a loan to be made at some future date.   Select one: True False

What does default mean? Does it occur only when borrowers fail to make scheduled loan payments?

What factors must be considered when deciding whether to refinance a loan after interest rates have declined?

Given the role of the loan originator in the securitization process of a mortgage loan described in the text,do you think the loan originator will be worried aboutthe ability of a household to meet its monthly mortgagepayments?

What business circumstance could produce a short-term notes payable created from a loan?

Which of the following is true of a maturity date? A. It must be calculated in days, not in months or years. B. It is the date when principal and interest on a note are to be repaid to the lender. C. It is the date of establishment of note terms between a lender and customer. D. It is not a characteristic of a note receivable.

Assuming the borrower is in no danger of default, under what conditions might a lender be willing to accept a lesser amount from a borrower than the outstanding balance of a loan and still consider the loan paid in full?