1. What would be the impact on GNMA pricing if the pass-through was not fully amortized? What...
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1. What would be the impact on GNMA pricing if the pass-through was not fully amortized? What is the present value of a $10 million pool of 15-year mortgages with an 8.5 percent per annum monthly mortgage coupon if market rates are 5 percent? The GNMA guarantee fee is 6 basis points, and the FI servicing fee is 44 basis points.
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Related Book For 
Financial Institutions Management A Risk Management Approach
ISBN: 9780077211332
6th Edition
Authors: Anthony Saunders, Marcia Cornett
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