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Given the following information of the mortgage pool that backs a MPT (same as Question 3), what is the dollar amount of prepayment in month
Given the following information of the mortgage pool that backs a MPT (same as Question 3), what is the dollar amount of prepayment in month 1 of the security? Remember PSA is calculated based on month of the mortgage, not the 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
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