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PLEASE HELP! Thanks Problem 19-2 The Green Mortgage Company has originated a pool containing 75 ten-year fixed interest rate mortgages with an average balance of

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Problem 19-2

The Green Mortgage Company has originated a pool containing 75 ten-year fixed interest rate mortgages with an average balance of $104,000 each. All mortgages in the pool carry a coupon of 12 percent. (For simplicity, assume that all mortgage payments are made annually at 12% interest.) Green would now like to sell the pool to FNMA. Required: a. Assuming a constant annual prepayment rate of 10 percent (for simplicity, assume that prepayments are

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