Question
Suppose you are a loan officer at Carbondale Local Bank. Joan Doe listed the following information on her mortgage application: Characteristic Value Annual gross income
Suppose you are a loan officer at Carbondale Local Bank. Joan Doe listed the following information on her mortgage application:
| Characteristic | Value |
| Annual gross income | $91,000 |
| TDS | 77% |
| Relations with FI | both checking and savings account |
| Major credit cards | 0 |
| Age | 43 |
| Residence | rent |
| Length of Residence | 8.5 years |
| Job Stability | 1 years |
| Credit History | missed a payment in last 5 years |
Use the information below to calculate Joan Does credit score.
| Characteristic | Characteristic Values and Weights | ||||
| Annual Gross Income | <$10,000 | $10,000-$25,000 | $25,000-$50,000 | $50,000-$100,000 | >$100,001 |
| Score | 0 | 10 | 20 | 35 | 60 |
| TDS | >50% | 35%-50% | 15%-35% | 5%-15% | <5% |
| Score | -10 | 0 | 20 | 40 | 60 |
| Relations with FI | None | Checking account | Savings account | Both |
|
| Score | 0 | 10 | 10 | 20 |
|
| Major credit cards | None | Between 1 and 4 | 5 or more |
|
|
| Score | 0 | 20 | 10 |
|
|
| Age | <25 | 25-60 | >60 |
|
|
| Score | 5 | 25 | 35 |
|
|
| Residence | Rent | Own with mortgage | Own outright |
|
|
| Score | 5 | 20 | 50 |
|
|
| Length of Residence | <1 year | 1-5 years | >5 years |
|
|
| Score | 0 | 25 | 40 |
|
|
| Job Stability | <1 year | 1-5 years | >5 years |
|
|
| Score | 0 | 25 | 50 |
|
|
| Credit History | No record | Missed a payment in last 5 years | Met all payments |
|
|
| Score | 0 | -15 | 40 |
|
|
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Understanding Terrorist Finance
Authors: T. Wittig
2011th Edition
0230291848, 978-0230291843
