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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, monthly payments
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 making payments to investors
Starting pool balance at month 32: $52, 234, 988
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