Homework5 Essay Example | Topics and Well Written Essays - 500 words

Homework5 - Essay Example 3. The borrower might be required by the lender to pay the reinstatement expenses and sums in the form of money order, cash, certified check, bank check, cashier’s check, and treasurer’s check. Provided any of the checks is drawn from a firm having deposits that are insured by entity, federal agency, and instrumentality. The expenses can also be paid via Electronic Funds Transfer. When the borrower is reinstated the security obligations and instruments will remain effective as if no acceleration had taken place. 4. Borrower is not allowed to store, use, dispose, or release any substance that is hazardous on the property. Borrowers shall not permit any activity that will violate the environment’s law, condition, or creates a condition that will affect the property’s value. 5. The lender must cover the default, the remedies for curing the default; date from the time the borrower was issued with the notice. Also, the notice covers the failure for curing the default on or before the specification date in the notice. Failure may result to acceleration of secured sums secured by the security instruments and the property’s sales. The notice also informs the borrower’s right to reinstate in case of acceleration An interest-rate cap dictates the maximum amount an interest rate can raise. The interest caps can either be periodic or overall caps. Periodic caps limit the increase in interest rate from an adjustment period to the other. Overall caps limit the increase in interest rate over the life of a loan. All adjustable rate mortgages must have periodic and overall caps. Supposing the Adjustment-Rate mortgages has a periodic cap of 2%. During the first adjustment the index rate increases by 3%. Computations will be as When the interest rate drops, the monthly payment does not always drop. Adjustment rates having the periodic caps, their amount of payment might increase although their index rate

LBs Management Case Study Questions Essay Example | Topics and Well Written Essays - 250 words

LBs Management Case Study Questions - Essay Example Throughout the launching process, the Forever Young global advertising and communications team faced various challenges including miscommunication between the Toronto and London offices, information deficiency, and deficiency of time to deliver a final product. Team’s poor coordination and the decision by Florin and David to leave resulted in a team that had little knowledge of the market. These difficulties derailed the launching process. The difficulties experienced by LB’s organization are attributable to the use of a long communication link instead of a direct communication which was needed for the turnaround. The organization’s communication link encompassed account supervisors at the London and Toronto offices causing delays, and making it hard for the teams to quickly share information that would have helped in product designing. Also, these challenges are attributable to the failure of LB to adopt face-to-face communication, which would have helped in bui lding the togetherness that the organization direly needed at the launching phase. If I were Janet Carmichael, I will decentralize the team. After decentralization, I would adopt the traditional format of task assigning. This would be most expedient for the organization. After decentralization, it will imply that client’s local offices will gain more ability and power. Effective coordination will thus take place at the local level, and cost efficiency of the venture will be enhanced since LB’s team will work directly with clients.