Question
Given the following information of the mortgage pool that backs a MPT, what is the regular scheduled payment in month 1 of the security? Use
| Given the following information of the mortgage pool that backs a MPT, what is the regular scheduled payment in month 1 of the security? Use WAC as the mortgage rate and WAM as the number of periods for your calculations. Round your final answer to two decimals. 30 year FRM, fully amortizing, monthly payments Loans seasoned for 3 months before entering pool WAM: 357 WAC: 4% Servicer/Guarantee fee: 0.55% Starting pool balance: 250,342,967 Prepayment assumption: 75% PSA
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Dave Ramseys Complete Guide To Money
Authors: Dave Ramsey
1st Edition
1937077209, 978-1937077204
