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QUESTION 7 Given the following information of the mortgage pool that backs a MPT, what is the month 1 ending/month 2 starting pool balance for
QUESTION 7
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Given the following information of the mortgage pool that backs a MPT, 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
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