Five years ago Lliana took out a 30 year 5/1 Hybrid ARM loan with monthly payments. The initial rate on this loan is 5% and it resets to LIBOR plus a margin of 160 bps. Suppose the remaining balance after five years of payments is $203574 and the LIBOR rate at the first reset is 3%. What will be Liliana's new monthly payment during 6 th year of the loan? Express your answer as a number rounded to the nearest cent (e.g. if you find that the payment is $600.0697, then write 600.07 ). QUESTION 19 A mortgage pool is formed with mortgages with the following characteristics and assumptions: - Each morigage has a balance of $76825 - There are 75 mortgages in pool and all enter it at origination - Each mortgage has a 7% interest rate and are 10 year FRM with annual payments - Servicing and guarantee fee rate (total when adding both rates): 0.3\% - No prepayment What is the servicing and guarantee fee payment in year 1 ? Write your answers into rounded cents. For example, if you get 1,421,333.321544, write in 1421333.32