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A newly issued portfolio of residential mortgages has a total principle balance of $1,200,000, a WAC of 5.7% and a WAM of 360 months.Based on
A newly issued portfolio of residential mortgages has a total principle balance of $1,200,000, a WAC of 5.7% and a WAM of 360 months.Based on an analysis of predicted house turnover and other factors affecting prepayment speed, you believe the CPR will be 15%.What is the expected prepayment cash flow for Month 1?
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