2. Suppose you are a loan officer at Carbondale Local Bank. Joan Doe listed the following information on her mortgage application: (LG 20-22. LG 20-30) Characteristic Value Annual gross income $45,000 TDS 10% Relations with F1 Checking account Major credit cards Age 27 Residence Own/Mortgage 5 Length of residence 21/2 years 51/2 years Job stability Credit history Missed 2 payments 1 year ago Use the information below to determine whether or not Joan Doe should be approved for a mortgage from your bank. Characteristie Characteristie Values and Weights Ot! 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 Annual gross income $100,000 Score 0 10 20 35 60 TDS >50% 35%-50% 15%-35% 5%-15% 60 Score 5 25 35 Residence Rent Own with mortgage Own outright Residence Rent Own with mortgage Own outright Score 5 20 35 Length of residence 5 years Score 0 25 40 Job stability 5 years Score 0 25 50 Credit history No Missed a payment in last 5 years Met all payments record 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 190. A score between 120 and 190 (noninclusive) is reviewed by a loan committee for a final decision