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There is a long understanding in the academic community that when transaction costs are high a liability rule will help substitute for bargaining. [3] Judges, however, may have a difficult time in obtaining and processing information in order to assess damages. There are two ways to assess damages. An objective method uses the market price.
In the same vein, the spate of loan modification scammers who have taken thousands from already struggling homeowners in return for false promises to fix their broken adjustable rate mortgages ...
Due to the risk of liability, CPAs and accounting firms may carry professional liability insurance to provide some protection from legal claims and lawsuits, although some firms choose to self-insure. [4] Concerns about high damage awards and insurance costs have led to proposals to limit liability for public accounting firms. [5]
It is often used to ensure that the value of a pension fund's assets (or an asset manager's fund) increase or decrease in an exactly opposite fashion to their liabilities, thus leaving the value of the pension fund's surplus (or firm's equity) unchanged, regardless of changes in the interest rate. Cashflow matching is similarly a process of ...
To protect your investment, you purchase a homeowners insurance policy with $500,000 worth of coverage for the home. Your lender wants to protect its investment too, so you add a mortgagee clause ...
The Flex Modification program makes your loan current instead of delinquent. If you’re having a hard time affording your monthly mortgage payments, the Flex Modification program (FMP) might be ...
These liabilities are typically settled using current assets or by incurring new current liabilities. Key examples of current liabilities include accounts payable, which are generally due within 30 to 60 days, though in some cases payments may be delayed. Current liabilities also include the portion of long-term loans or other debt obligations ...
USDA loan modification: With a USDA loan, you can modify your mortgage with an extended term of up to 40 years, reduce the interest rate and receive a “mortgage recovery advance,” a one-time ...