ANSWER QUESTION 5 OR 6

Question 4 (1 point)

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Consider a $300 million pass-through backed by FRMs with a WAC rate of 6.25%, pass-through rate of 5.5% and WAM of 357 months. In Month 1, the pass-through will pay the interest amount of

Question 4 options:

	$1,125,000
	$1,375,000
	$1,433,333
	$1,516,667

Question 5 (1 point)

The scheduled principal payment in Month 1 by the pass-through from Problem 4

Question 5 options:

	$241,732
	$289,952
	$376,255
	$477,452

Question 6 (1 point)

In the assumption of 150 PSA, the SMM in Month 1 for the pass-through from problems 4 & 5 will be

Question 6 options:

	0.025%
	0.052%
	0.075%
	0.101%