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Suppose that for a securitization with a shifting interest mechanism you are given the following information for some month: 12. subordinate interest-25% shifting interest percentage-85%
Suppose that for a securitization with a shifting interest mechanism you are given the following information for some month: 12. subordinate interest-25% shifting interest percentage-85% regularly scheduled principal payment- $3,000,000 prepayments -$1,200,000 a. What is the senior prepayment percentage for the month? b. How much of the $3,000,000 regularly scheduled principal payment is distributed to the senior class c. How much of the $1,200,000 is distributed to the senior class? Suppose that for a securitization with a shifting interest mechanism you are given the following information for some month: 12. subordinate interest-25% shifting interest percentage-85% regularly scheduled principal payment- $3,000,000 prepayments -$1,200,000 a. What is the senior prepayment percentage for the month? b. How much of the $3,000,000 regularly scheduled principal payment is distributed to the senior class c. How much of the $1,200,000 is distributed to the senior class
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