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Consider a GNMA mortgage pool with principal of $23 million. The maturity is 15 years with a monthly mortgage payment of 9 percent per

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Consider a GNMA mortgage pool with principal of $23 million. The maturity is 15 years with a monthly mortgage payment of 9 percent per year. Assume no prepayments. a. What is the monthly mortgage payment (100 percent amortizing) on the pool of mortgages? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) b. If the GNMA insurance fee is 8 basis points and the servicing fee is 42 basis points, what is the yield on the GNMA pass-through? (Do not round intermediate calculations. Round your answer to 5 decimal places. (e.g., 32.16161)) c. What is the monthly payment on the GNMA in part (b)? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) d. Calculate the first monthly servicing fee paid to the originating Fls. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) e. Calculate the first monthly insurance fee paid to GNMA. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) a. Monthly mortgage payment b. Monthly interest rate c. Monthly payment d. Monthly servicing fee e. Monthly insurance payment %

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