Question
Consider a $300 million pass-through backed by FRMs with a WAC rate of 6.25%, pass-through rate of 5.5% and WAM of 357 months. In Month
Consider a $300 million pass-through backed by FRMs with a WAC rate of 6.25%, pass-through rate of 5.5% and WAM of 357 months. In Month 1, the pass-through will pay the interest amount of $1,375,000. The scheduled principal payment in Month 1 by the pass-through will be?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
