Complete the following table (in thousands of dollars) assuming a prepayment rate of 165 PSA: Original balance:
Question:
Original balance: $ 100,000,000
Pass-through rate: 9.0%
WAM: 360 months
Transcribed Image Text:
Mortg Sch. PreT Cash Outst Month Bance SMM Pam. Interest Princ. pm. Princ. Flow S100,000 $841 S 99,934 $841
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We now construct a monthly cash flow for a passthrough of 90 165 PSA and WAM of 360 months The underlying mortgages for this passthrough are assumed to be fixedrate levelpayment mortgages of 841 It wi...View the full answer
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