2. Mortgage classifications and borrower creditworthiness Suppose Yvette is planning to purchase a home and in her mortgage application, she declares that she plans to put a 45 percent down payment on the home. Additionally, Yvette's debt-to-Income ratio and credit score are 8 percent and 850, respectively. Assuming that Yvette's mortgage application is accepted by the lender, how would her mortgage likely be classified? Federally insured mortgage Fixed-rate mortgage Prime mortgage Subprime mortgage Suppose Musashi, Rina, and Sean are looking to purchase homes in Los Angeles, and they all happen to find exactly the home they are looking for within a mile of one another, each costing $680,000. None of the homeowners have enough cash to purchase their selected home outright, so each of them needs to submit a mortgage application in order for their lender to determine whether or not the borrower will be able to repay the mortgage loan. Suppose Musashi, Rina, and Sean all use Chase Bank as their lender and that they all submit their mortgage applications at the same time. The following table shows: (1) the amount that each borrower suggests they will put as a down payment on their home, (2) each borrowers' debt-to-income ratio, and (3) each borrower's credit score. Using the information in the table, answer the question that follows. Borrower Down Payment Debt-to-Income Ratio Credit Score Musashi $136,000 10% 780 Rina $61,200 29% 450 Sean $61,200 18% 610 Given the information in the table, which of the three borrowers has neither the strongest nor the weakest mortgage application? Musashi Rina Sean