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Stratify the mortgages below for a deal coupon of 3.5%. What is the face value of the WAC PO, and what is the deal face?

  1. Stratify the mortgages below for a deal coupon of 3.5%.
  2. What is the face value of the WAC PO, and what is the deal face?
  3. What is the (initial) notional principal of the WAC IO, and what is its (initial) coupon rate?

Coupon %

Net Note Rate %

Cohort Bal ($mln)

3.685

3.4185

70

3.75

3.4816

120

3.875

3.613

130

4.00

3.7610

60

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