FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 7 Given the following information of the mortgage pool that backs a MPT (same as Question 3,4,5,6), what is the month 1 ending/month 2

image text in transcribed

QUESTION 7 Given the following information of the mortgage pool that backs a MPT (same as Question 3,4,5,6), what is the month 1 ending/month 2 starting pool balance for this security? Round your final answer to two decimals. 30 year FRM, fully amortizing, monthly payments Loans seasoned for 3 months before entering pool WAM: 357 WAC: 4% Servicer/Guarantee fee: 0.55% Starting pool balance: 250,342,967 Prepayment assumption: 75% PSA

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Intermediate Financial Management

Authors: Eugene BrighamPhillip Daves

1st Edition

0324594712, 9780324594713

More Books

Students also viewed these Finance questions

Question

★★★★★
How is cost variance calculated? What does it mean when its negative? What does it mean when its positive? When evaluating a work package with a negative cost variance, on what two types of...

Answered: 1 week ago

Question

★★★★★
For each description, list the letter or letters whose term or terms define the description. Each term may be used once, more than once, or not at all. Description 1. This activity makes use of...

Answered: 1 week ago

Question

★★★★★
What do I enjoy doing? What kinds of skills does this require?

Answered: 1 week ago

Question

★★★★★
Discuss the role of technology both in the nature of the service that Netflix provides and in the environment in which it competes. Feel free to expand by drawing on any personal knowledge you may...

Answered: 1 week ago

Question

★★★★★
Entries and Balance Sheet for Partnership On April 1, 20Y1, Whitney Lang and Eli Capri form a partnership. Lang agrees to invest $11,100 cash and merchandise inventory valued at $30,000. Capri...

Answered: 1 week ago

Question

★★★★★
Find the general solution of the differential equation and check the result by differentiation. (Use ( for the constant of integration.) Qy = 2186 d't X Submit

Answered: 1 week ago

Question

★★★★★
Problem 11. The shares of Microsoft were trading on Nasdaq on January 1 at $41. A Swedish investor purchased 100 shares of Microsoft at that price. The Swedish kroner to dollar exchange rate then was...

Answered: 1 week ago

Question

★★★★★
In the commercial section of the newspaper you come across an ad for a pizza delivery business for sale. upon inquiry, you discover that the owner , who wants to sell the business and then retire,...

Answered: 1 week ago

Question

★★★★★
An applied researcher is developing a new measure of organizational commitment for a study. In order to compare it to an existing measure of organizational commitment, the researcher would compute a...

Answered: 1 week ago

Question

★★★★★
7.5 A large lot of manufactured items contains 10% with exactly one defect, 5% with more than one defect, and the remainder with no defects. Ten items are randomly selected from this lot for sale. If...

Answered: 1 week ago

Question

★★★★★
A composite wall of a furnace has 3 layers of equal thickness having thermal conductivities in the ratio of 1:2:4. What will be the temperature drop ratio across the three respective layers? A. 12:4...

Answered: 1 week ago

Question

★★★★★
2. Should organizations establish policies that prevent dating a coworker? A supervisor? Explain your answer.

Answered: 1 week ago

Question

★★★★★
d. Prizes. Employees who achieve weekly sales goals established by management would be eligible for prizes such as sports or theater tickets, dinner at a nice restaurant, gift certificates, or...

Answered: 1 week ago

Question

★★★★★
b. Commission on sales. All employees would be given a 5 percent commission on all sales. Each salesperson would receive an hourly wage plus the commission.

Answered: 1 week ago

Previous Question Next Question