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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. (ANSWER IS NEITHER 53261706.19 NOR 53261706.2)
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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