1. Assume the loans are not seasoned before they are securitized. Do not round your answer until the end; then round your answer to 2 decimal places and leave out the percentage sign. For example, if the answer is 1.23%, just input 1.23.

   Number of Loans	Principal	Rate	Maturity (Months)
   50	100,000	4.00%	360
   75	250,000	3.75%	180
   75	300,000	4.25%	360

10 points

QUESTION 4

1. (Using chart from the prior question) If these 200 loans are pooled to create an MPT, what is the starting pool balance in dollars? Assume the loans are not seasoned before securitization.

10 points

QUESTION 5

1. (Using the chart from Question 3) What is the WAM of this pool at issuance? Assume that the loans are not seasoned at the time of securitization. Express your answer in whole number of months and round only at the end of your calculation.

10 points

QUESTION 6

1. (Using chart from Question 3) Now imagine that these loans whose origination values are listed above are seasoned for 6 months before creating a MPT. What is the starting pool balance? Assume that all loans are fixed-rate, fully amortizing, and make monthly payments. Additionally, assume that in the time period between origination and securitization every borrower makes exactly their scheduled payment (no prepayments, no defaults).

   Express your answer in dollars (no dollar sign) rounded to the nearest cent (two decimal places). Hint: calculate balance outstanding on each segment of the pool after making 6 payments.