Question
Given the following information of the mortgage pool that backs a MPT, what is the dollar amount of prepayment in month 32? Round your final
Given the following information of the mortgage pool that backs a MPT, what is the dollar amount of prepayment in month 32? Round your final answer to two decimals.
30 year FRM, fully amortizing,monthlypayments
WAC: 5%
Servicer/Guarantee fee: 0.5%
Prepayment assumption: 300% PSA
Loans were not seasoned before entering the pool
MBS has been active for a few years in collecting payments from borrowers and makingpayments to investors
Starting pool balance at month 32: $52, 234, 988
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
