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Posted on Jul 23, 2024

Assume an investor has invested in a mortgage pool with $ 1 0 0 , 0 0 0 principal balance outstanding. The scheduled monthly principal

Assume an investor has invested in a mortgage pool with $

100, 000

principal balance outstanding. The scheduled monthly principal payment is $

28.61

The mortgage pool has a conditional prepayment rate of

6 % .

What is the single monthly mortality rate?

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