A newly issued portfolio of residential mortgages has a total principle balance of $1,200,000, a WAC of

Fantastic news! We've Found the answer you've been seeking!

Question:

A newly issued portfolio of residential mortgages has a total principle balance of $1,200,000, a WAC of 5.7% and a WAM of 360 months.Based on an analysis of predicted house turnover and other factors affecting prepayment speed, you believe the CPR will be 15%.What is the expected prepayment cash flow for Month 1?

Posted Date: May 18, 2024 05:02 AM

See More Questions

Jillian operates a sporting goods store in a rented location at a shopping mall. She is insured under a CGL policy with the following limits: Indicate the dollar amount, if any, that Jillians insurer...
Zheng Corporation had the following selected transactions in the month of March. The company adjusts its accounts monthly. 1. The company has an 14%, $12,040 note payable due in 1 year. Interest is...
The Royal Seas Company runs a three-night cruise to the Caribbean from Port Canaveral. The company wants to run TV ads promoting its cruises to high-income men, high-income women, and retirees. The...
In leaching, the final saturated raffinate often contains a significant amount of solvent. For example, this occurs in Example 14-2. How do you recover this solvent? Example 14-2 We wish to treat...
a. Johnson plans to use the preceding ratios as the starting point for discussions with RR's operating team. Based on the data, does RR seem to be following a relaxed, moderate, or restricted current...
a. Explain the term global market channels. b. i. Explain the five (5) natures of market channels. ii. List five (5) ways in which market channel are important c. Briefly explain international...
A change in sales price of a product sold by a firm will probably involve a reduction in the number of units sold, as well as the possibility of a change in the cost structure of the firm's product...
4) 5) The lattice filter shown below in Figure 1 is to be folded by a factor of 2. The folding sets are given as SA1 = {A2, A1} [this means, A2 is scheduled at 21+0, A1 is scheduled at 21+ 1], SA2 =...
A portable x - ray unit has a step - up transformer. The 1 2 0 V input is transformed to the 1 0 0 kV output needed by the x - ray tube. The primary has 5 9 loops and draws a current of 1 1 . 8 A...
A sail boat in the Great South Bay travels 2 miles east and then 4 miles south to get to Fire Island. What is its distance and displacement?
An air stripping tower is being designed to treat carbon tetrachloride from 500 to 5 g/L at a temperature of 25 C with a stripping factor of 8. Determine the operating airtowater ratio
If the wind force has a magnitude of 65 N , with what tension must the worker pull in order to move the box at a constant velocity? Express your answer with the appropriate units
On December 31, Year 1, P Company purchased 80% of the outstanding shares of S Company for $7,900 cash. The statements of financial position of the two companies immediately after the acquisition...
Gopher, Inc. developing its upcoming budgeted Costs of Quality (COQ) with the following information: Expense Item Budget Raw Materials Inspection $ 15,000 EPA Fine 200,000 Design Engineering 15,000...
The following data relate to three independent production periods of Randolph Manufacturing Company. Missing data are indicated by question marks. Required Using the above data, determine the missing...
Travis Manufacturing Company uses the perpetual inventory system to record transactions related to its manufacturing inventories. The following transactions occurred during August 2019: Aug. 5...
Porter Manufacturing Company uses the perpetual inventory system to account for its manufacturing inventories. The following are Porters transactions during September 2019: Sept. 5 Received materials...

A newly issued portfolio of residential mortgages has a total principle balance of $1,200,000, a WAC of

Question:

Expert Answer:

Students also viewed these finance questions