Question
(20 pts) Using the table of mortgage pool data below, calculate the weight in pool for each mortgage, plus the total balance, WAC and WAM
(20 pts) Using the table of mortgage pool data below, calculate the weight in pool for each mortgage, plus the total balance, WAC and WAM for the pool. You can fill in the empty cells in the table with your answers. SHOW YOUR WORK.
| Mortgage balance | Mortgage rate | Months remaining | Weight in pool |
| $250,000 | 3.25% | 351 |
|
| $322,150 | 3.30% | 352 |
|
| $398,676 | 3.15% | 350 |
|
| $196,789 | 3.00% | 348 |
|
| $205,600 | 3.50% | 355 |
|
| $219,887 | 3.40% | 357 |
|
| $299,888 | 3.45% | 355 |
|
| $301,011 | 3.35% | 354 |
|
| $340,670 | 3.60% | 350 |
|
| $175,456 | 3.10% | 352 |
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| Total balance = |
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| WAC = |
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| WAM = |
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
2nd Edition
0072318252, 9780072318258
