How does your bank deal with an unsecured credit application by only one spouse where the applicant may own real estate in his/her own name, but it is subject to the "dower" interest of the non-applicant spouse? How much do you "discount" the value of that real estate on the balance sheet? Ditto for real estate owned jointly with right of survivorship, untitled personal property, etc. Any ideas on avoiding the complicated analysis which seems to be mandated by the Official Staff interpretations to 202.7(d)(2)? Any thoughts/advice would be appreciated

If it's for unsecured credit - then wouldn't you want to just concentrate on the applicant's income? And if part of that income is rental income - well, what's the likelihood of that continuing through the life of the loan?