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 ...
The idea of the suspense account is also found with branchless banking, or BB. For example, if a customer submits payment via an electronic transfer to the bank of a supplier, the funds are placed into a suspense account until they are actually deposited into the supplier’s bank account. ...
A buyer’s agent should also be able to refer you to reliable mortgage brokers, real estate attorneys, home inspectors, movers, and other real estate professionals. This can also help expedite each step of the process and move you to a successful real estate sale all the faster. Help overco...
What is the difference between an account and a ledger? What is a contra account? Give an example. How can I record mortgage payable in the balance sheet? What will be the balance in the investment account on December 31, 2017, under the cost method of accounting?
First and foremost, you might be wondering which credit score mortgage lenders use, seeing that there’s no sense focusing on something they won’t actually look at to determine your creditworthiness. I’ll save you the suspense. The short answer isFICO scores, which are the industry standard...
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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...
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