During a HECM financial assessment, a borrower has a monthly residual income of $450. The required residual income threshold for a household of two in a non-Northeast region is $529. What must the lender do?
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A
Deny the loan outright
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B
Require a Life Expectancy Set-Aside (LESA)
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C
Waive the shortfall if the borrower has good credit
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D
Approve without condition since the gap is less than $100