Question
Given the following information of the mortgage pool that backs a MPT, what is the starting pool balance for month 33 of this security? Round
Given the following information of the mortgage pool that backs a MPT, what is the starting pool balance for month 33 of this security? Round your final answer to two decimals (Hint: N=360 when t=1, N=359 when t=2, N=358 when t=3 ...). 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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