Suppose you are a loan officer at Carbondale Local Bank. Joan Doe listed the following information on her mortgage application: (LG 20-2, LG 20-3) Characteristic Annual gross income TDS Relations with FI Major credit cards Value $45,000 10% Checking account 5 Age 27 Residence Own/Mortgage Length of residence 2 years Job stability 5 years Credit history Missed 2 payments 1 year ago Annual gross Use the information below to determine whether or not Joan Doe should be approved for a mortgage from your bank. Characteristic Characteristic Values and Weights $10,000 $25,000 $50,000- 50% Score -10 20 35 35%-50% 15%-35% 5%-15% 0 201 40 60 <5% 60 Relations None Checking Savings Both with FI account account Score 0 10 10 20 Major credit None Between 5 cards 1 and 4 or more Score 0 20 10 Age Score <25 25-60 >60 5 25 25 35 Residence Rent Own with Own mortgage outright Score 5 20 50 Length 5 of residence years years Score 0 25 40 Job stability Score 0 <1 year 1-5 years >5 years 25 50 Characteristic Characteristic Values and Weights Credit No history record Missed a Met payment in last payments 5 years all Score 0 -15 40 The loan is automatically rejected if the applicant's total score is less than or equal to 120; the loan is automatically approved if the total score is greater than or equal to