Points$]$

BRECMBC$914.$II$\mathrm{.}010.$

Calculate the housing expense ratio and the total obligation ratio $($in $\%)$ for the following mortgage applications. $($Round your answers to two decimal places.$)$

$\backslash$table$[[$Applicant$,\backslash$table$[[$Monthly$],[$Gross$],[$Income$]],\backslash$table$[[$Monthly$],[$PITI$],[$Expense$]],\backslash$table$[[$Other Monthly$],[$Financial$],[$Obligations$]],\backslash$table$[[$Housing$],[$Expense$],[$Ratio $(\%)]],\backslash$table$[[$Total$],[$Obligations$],[$Ratio $(\%)]]],[$Martin$,$$$3,900,$$$805,$$$840,\%,]]$

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$8.[-/11\mathrm{.}11$ Points$]$

BRECMBC$914.$II$\mathrm{.}015.$MI$.$

Carlos earns a gross income of $$5,690$ per month and applies for a mortgage with a monthly PITI of $$1,479\mathrm{.}40.$ Carlos has other financial obligations totaling $$722\mathrm{.}63$ per month. If the lending ratio guidelines are as given in the table below.

Lending Ratio Guidelines

$\backslash$table$[[$Mortgage Type,Housing Expense Ratio,Total Obligations Ratio$],[$FHA$,29\%,41\%$