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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...
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This note was uploaded on 11/15/2009 for the course ENG 401 taught by Professor Mess during the Spring '09 term at Northwood University, Michigan Campus.
- Spring '09