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Suppose there is a mortgage pool with an unpaid principal balance at the beginning of the month of $3,000,000. The scheduled interest payment is $4,500,
Suppose there is a mortgage pool with an unpaid principal balance at the beginning of the month of $3,000,000. The scheduled interest payment is $4,500, and the principal payment expected is $15,000. If the pool receives $25,500 in actual TOTAL PAYMENTS that month, the CPR is:
1.797%
0.201%
0.151%
2.386%
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