Question
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
QUESTION 7
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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. (Write the exact answer and answer is NOT 1415133.16)
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
QUESTION 8
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Given the following information of the mortgage pool that backs a MPT, what is the dollar amount of prepayment in month 32? Round your final answer to two decimals. (Write the exact answer and answer is NOT 53261706.2)
30 year FRM, fully amortizing, monthly payments
WAC: 5%
Servicer/Guarantee fee: 0.5%
Prepayment assumption: 300% PSA
Loans were not seasoned before entering the pool
MBS has been active for a few years in collecting payments from borrowers and making payments to investors
Starting pool balance at month 32: $52, 234, 988
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