Question
An MBS has the following characteristics for the current month: Beginning principal outstanding (Millions) 796 WAC (% APR) 5.61 Pass through rate (% APR) 5.38
An MBS has the following characteristics for the current month:
| Beginning principal outstanding (Millions) | 796 |
| WAC (% APR) | 5.61 |
| Pass through rate (% APR) | 5.38 |
| SMM (single monthly mortality) (%) | 0.194 |
| Expected total mortgage payment (Millions) | 5.6 |
What is the expected net interest payment to shareholders this month?
Enter answer in millions.
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Machine Learning In Finance From Theory To Practice
Authors: Matthew F Dixon, Igor Halperin, Paul Bilokon
1st Edition
3030410676, 978-3030410674
