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Given the following information on a MPT, what is the servicing fee in year 3? 10 year FRM, fully amortizing, annual payments. No prepayment or

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Given the following information on a MPT, what is the servicing fee in year 3? 10 year FRM, fully amortizing, annual payments. No prepayment or default 100 loans in the pool Average starting balance of $350,000/loan Coupon rate 5% (Mortgage rate 5%) Servicing fee 0.5% of starting pool balance

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