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Consider a $400 million pass-through backed by FRMs with a WAC rate of 4.75%, pass-through rate of 4.0% and WAM of 355 months. The scheduled

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Consider a $400 million pass-through backed by FRMs with a WAC rate of 4.75%, pass-through rate of 4.0% and WAM of 355 months. The scheduled principal payment in Month 1 is $335,922 $397,289 $462.353 $516,571

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