Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 76 after servicing fee is paid is closest to
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Authors: Frank Fabozzi, Steven Mann, Francesco Fabozzi
9th Edition
1260473899, 978-1260473896
