Question
Given the following information of the mortgage pool that backs a MPT, what is the total cash flow of the pool (i.e. to the issuer/SPV)
Given the following information of the mortgage pool that backs a MPT, what is the total cash flow of the pool (i.e. to the issuer/SPV) in month 1 of 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
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
