This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: conclusion with a mortgage loan officer. Yes I feel that the mortgage loan be approved because the expense to income ratio is below what the recommended ratio be. Secondary market guidelines generally state that this ratio should not exceed 25-28 percent of stable monthly income. And the ratio of the debt payment-to-income ratio should generally not exceed 33-36 percent of stable monthly income. Mike Solomich 2/4/09 Chapter 11 Case Study Credit Quality Grade Excellent Good Fair Poor Income X Employment X Reserve Assets X Reputation X Collateral X Loan Purpose X Debt Ratio X Cash Flow X Summary Grade 1 4 3...
View Full Document
- Spring '09
- Mortgage loan, mortgage loan officer, Mike Solomich, debt payment-to-income ratio