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Suppose that immediately after the bonds were issued, $290,000,000 of principal was repaid on the underlying mortgages. How would Exhibit 10 be affected? Notes 2.97
Suppose that immediately after the bonds were issued, $290,000,000 of principal was repaid on the underlying mortgages. How would Exhibit 10 be affected?
Notes 2.97 AAA Exhibit 10: The Offered Mortgage-Backed Securities Bond Original Balance Initial Interest Rate (%) Initial Rating A1 165,858,000 2.73 AAA 77,442,000 2.84 AAA 27,100,000 M1 22,449,000 18,094,000 4,523,000 M4 8,544,000 BBB 3,686,000 4.65 BBB- 5,696,000 BBB- 1,675,000 Not rated M3 3.47 4.00 M5 Interest only Residual Source: Prospectus, January 25, 2005. Notes 2.97 AAA Exhibit 10: The Offered Mortgage-Backed Securities Bond Original Balance Initial Interest Rate (%) Initial Rating A1 165,858,000 2.73 AAA 77,442,000 2.84 AAA 27,100,000 M1 22,449,000 18,094,000 4,523,000 M4 8,544,000 BBB 3,686,000 4.65 BBB- 5,696,000 BBB- 1,675,000 Not rated M3 3.47 4.00 M5 Interest only Residual Source: Prospectus, January 25, 2005
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