QUESTION 9

1. Given the following information of the mortgage pool that backs a MPT, 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 ...). (Write the exact answer and the answer is NOT 52010696)

   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