With a mortgage company or bank, this is a way to rip you off. Let's say your payment is $800, but for some reason you send $750. The $750 will be put in suspension because it is not a full payment and now you are late and late fees are added and you still owe the $800 ...
A suspense item is an item that is doubtful because such items may need clarifications. Suspense items are recorded in suspense accounts until their...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
Prepaid expenses are expenses that have been paid in advance yet will be used as an expense in the future. It is simply an expense that has already...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your ...
I’ll save you the suspense. The short answer isFICO scores, which are the industry standard and relied upon by just about everyone. I believe something like 9 out of 10 lenders use FICO, and it’s pretty much 100% in the mortgage world. ...
A.The fall of asset values affects the card borrowers' creditworthiness. B.The decrease in the mortgage payment leads to the rises of the card debt. C.As the home-equity loans are drying up, consumers are more likely to load up on the card debt. D.The falling house prices make the ca...
and that our long-run economic future is, well, not-so-great. Three relatively recent contributions stand out: At the level of the 30,000 foot bird's-eye view, Brink Lindsey has written a paper on"Why Growth Is Getting Harder". In the ...
Where are you from? What is your home course? Bloomington, MN -- Dwan Golf Course What are the best and worst things about golf in your region? Best - Many, many courses in the area. Getting out in late March or early April for the first round is a fantastic feeling. I can play ...
the of and to a in that is was he for it with as his on be at by i this had not are but from or have an they which one you were all her she there would their we him been has when who will no more if out so up said what its about than into them can only other time new...
The current model for accounting was created during the 1400s, and it is called Double Entry Accounting. For each financial transaction, there is a debit and a credit, which reflects the sides of the entry. An example of a T account is below, which helps organize the debits and cre...
In mortgage servicing, the servicer can use a suspense account to park funds temporarily if a borrower has made only a partial payment for that month. In investing, a suspense account is a type of brokerage account where a customer's proceeds from selling an investment may be recorded until ...