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Consider an MPT with the following characteristics: Number of mortgages in the pool: 100 All 100 mortgages are fully amortizing 15 year FRM with monthly
Consider an MPT with the following characteristics:
- Number of mortgages in the pool: 100
- All 100 mortgages are fully amortizing 15 year FRM with monthly payments
- All mortgages have a 4% interest rate
- Average mortgage balance: $180,000
- Prepayment is according to 200% PSA
- There is no servicing fee
- The beginning pool balance in month 15 is $16,356,436.86
a) What is the regularly scheduled payment in month 15?
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Fundamentals of Database Systems
Authors: Ramez Elmasri, Shamkant Navathe
6th edition
136086209, 978-0136086208
