2. Default risk based on mortgage observable characteristics. During class in session 5, we discussed determinants of mortgage credit/default risk. Based on that information rank in terms of their default risk, the mortgages in the table (assuming no "silent seconds") from riskiest to least risky. CLTV FICO DTI Lien Income documentation a. 80% 680 32 First Full b. 90% 660 36 Second Partial C. 70% 730 28 First Full d. 90% 620 36 Second None e. 80% 680 32 First Partial f. 80% 680 34 First Partial g. 80% 680 34 Second Partial