Question
Loan servicing fees are expressed as a fixed component of the contract interest rate (typically 19 to 44 basis points off of the contract rate).
Loan servicing fees are expressed as a fixed component of the contract interest rate (typically 19 to 44 basis points off of the contract rate). As such, the servicing fees collected by the loan servicer in dollars each month are constant over the life of the loan as well.
Group of answer choices
False
True
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Principles Of Managerial Finance Brief
Authors: Chad J. Zutter, Scott B. Smart
8th Global Edition
1292267143, 978-1292267142
