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#8 Question Given the following information of the mortgage pool that backs a MPT, what is the dollar amount of prepayment in month 32? Round

#8 Question

Given the following information of the mortgage pool that backs a MPT, what is the dollar amount of prepayment in month 32? Round your final answer to two decimals.

30 year FRM, fully amortizing, monthly payments

WAC: 5%

Servicer/Guarantee fee: 0.5%

Prepayment assumption: 300% PSA

Loans were not seasoned before entering the pool

MBS has been active for a few years in collecting payments from borrowers and making payments to investors

Starting pool balance at month 32: $52, 234, 988

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