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Question 25 UNT Bank originated a pool of containing 100 three year fixed-rate mortgages with loan amount of $200,000 each. All mortgages in the pool
Question 25 UNT Bank originated a pool of containing 100 three year fixed-rate mortgages with loan amount of $200,000 each. All mortgages in the pool carry a rate of 6.5% with annual payments. The guarantee and servicing fee is 1%. UNT Bank would like to sell the pool to investors vis Mortgage Pass Through (MPT) security. Suppose that 150,000 shares will be issued. Assume that there is 5% default and no prepayment from the borrowers, if market interest rate is 5%, what is the price for each shares of MPT security $12432 $14335 $12125 $155.76 Question 25 UNT Bank originated a pool of containing 100 three year fixed-rate mortgages with loan amount of $200,000 each. All mortgages in the pool carry a rate of 6.5% with annual payments. The guarantee and servicing fee is 1%. UNT Bank would like to sell the pool to investors vis Mortgage Pass Through (MPT) security. Suppose that 150,000 shares will be issued. Assume that there is 5% default and no prepayment from the borrowers, if market interest rate is 5%, what is the price for each shares of MPT security $12432 $14335 $12125 $155.76
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