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QUESTION 31 5 points (Extra Credit) Save Answer Consider an MPT with the following characteristics: Number of mortgages in the pool: 20 All 20 mortgages

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QUESTION 31 5 points (Extra Credit) Save Answer Consider an MPT with the following characteristics: Number of mortgages in the pool: 20 All 20 mortgages are fully amortizing 15 year FRM with monthly payments All mortgages have a 3% interest rate Average mortgage balance: $100,000 No prepayment is allowed on these mortgages There is a 0.5% servicing fee on the beginning of pool balance in each period What is the cash ow to investors in month 30

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