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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

    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.

    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

    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.

    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

  • Question 9

    Given the following information of the mortgage pool that backs a MPT (same as Question 8), what is the starting pool balance for month 33 of this security? Round your final answer to two decimals (Hint: N=360 when t=1, N=359 when t=2, N=358 when t=3 ...).

    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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