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please show work in excel! thank you Suppose WAC for the underlying mortgage for a pass-through is 9%. The pass-through rate is 8% with a
please show work in excel! thank you
Suppose WAC for the underlying mortgage for a pass-through is 9%. The pass-through rate is 8% with a WAM of 360 months initially. The total par of the mortgage is $500 million. Assume that in month 30 the beginning balance of the underlying mortgage is 337,568,221 and the total principal payment in month 30 is $2,793,137. The conditional prepayment rate in month 31 is 9%, Answer the following questions: 1. Compute the single-month mortality rate in month 31. 2. Calculate mortgage payment for month 31. 3. Calculate i) scheduled principal payment in month 31, ii) prepayment in month 31, and iii) beginning balance in month 32. Suppose WAC for the underlying mortgage for a pass-through is 9%. The pass-through rate is 8% with a WAM of 360 months initially. The total par of the mortgage is $500 million. Assume that in month 30 the beginning balance of the underlying mortgage is 337,568,221 and the total principal payment in month 30 is $2,793,137. The conditional prepayment rate in month 31 is 9%, Answer the following questions: 1. Compute the single-month mortality rate in month 31. 2. Calculate mortgage payment for month 31. 3. Calculate i) scheduled principal payment in month 31, ii) prepayment in month 31, and iii) beginning balance in month 32 Step by Step Solution
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