FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following information of the mortgage pool that backs a MPT (same as Question 3,4,5,6 ), what is the month 1 ending/month 2 starting

image text in transcribed

Given the following information of the mortgage pool that backs a MPT (same as Question 3,4,5,6 ), what is the month 1 ending/month 2 starting pool balance for this security? 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computational Finance Using C And C #

Computational Finance Using C And C #

Authors: George Levy DPhil University Of Oxford

1st Edition

0750669195, 978-0750669191

More Books

Students also viewed these Finance questions

Question

★★★★★
The research group of a glass manufacturer is working on development of a coating that would render glass highly transparent to radiation at wavelengths below 0.7m and highly reflective to radiation...

Answered: 1 week ago

Question

★★★★★
Role play the conversation with the teacher around the data plateau, her concerns, and next steps. (D2)

Answered: 1 week ago

Question

★★★★★
Reynolds Computer Service offers data processing services to retail clothing stores. The following data have been collected to aid in the preparation of adjusting entries for Reynolds Computer...

Answered: 1 week ago

Question

★★★★★
Riri dan Reza menyerahkan uangnya ke dalam biro perjalanan tersebut sebesar Rp250.000.000 sebagai setoran modal saham. "Celebes Travel" membeli peralatan kantor (empat unit komputer seharga @...

Answered: 1 week ago

Question

★★★★★
The product design process establishes the performance, appearance, and materials to be used, but which one of the following is the first step? a)a feasibility study b)a form design c)idea generation...

Answered: 1 week ago

Question

★★★★★
The following information relates to an employee for one week: Hour worked 44 Rate of pay per hour $3.50 Units or output achieved 480 The time allowed for each unit of output is seven standard...

Answered: 1 week ago

Question

★★★★★
(5) The game Very Polite Binary Biscuits TM is played just like Binary Biscuits, except the player to eat the last biscuit loses. For which n does the first player have a winning strategy? Prove your...

Answered: 1 week ago

Question

★★★★★
leratio colu 4. Rupal throws a ball upwards at 8ms from a window which is 4m above ground level. (ii) Use your answer to part (i) to find the time the ball hits the ground. (i) Write down an equation...

Answered: 1 week ago

Question

★★★★★
The weights of 20 luggages randomly taken at LAX are measured every day. Based on the past 19 days sample data, the average of sample means is 10.13 pounds, and the average of sample ranges is 2.54...

Answered: 1 week ago

Question

★★★★★
As the accounting clerk for Gemini Markets, you must prepare a reconciliation of Gemini's checking account as of March 31 using the information in the exhibits. In associated cells in the Adjustments...

Answered: 1 week ago

Question

★★★★★
(Appendices) Why does the accountant make an entry to record uncollectible account expense in the period of sale rather than in the period in which an account is determined to be uncollectible? LO25

Answered: 1 week ago

Question

★★★★★
(Appendices) Describe the documents that underlie the typical accounting system for sales. Give an example of a failure of internal control that might occur if these documents were not properly...

Answered: 1 week ago

Question

★★★★★
(Appendices) What are the components of cost of goods available for sale and of cost of goods sold? Assume that the firm uses the gross method of recording purchase discounts. LO45

Answered: 1 week ago

Previous Question Next Question