Question: Given the following information of the mortgage pool that backs a MPT (same as Question 3), what is the dollar amount of prepayment in month

Given the following information of the mortgage pool that backs a MPT (same as Question 3), what is the dollar amount of prepayment in month 1 of the security? Remember PSA is calculated based of month of the mortgage, not the security. Round your final answer to two decimals.

30 year FRM, fully amortizing, monthly payments

Loans seasoned for 3 months before entering pool

WAM: 357

WAC: 4%

Servicer/Guarantee fee: 0.55%

Starting pool balance: 250,342,967

Prepayment assumption: 75% PSA

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Can you please help me on questions 5-9? Sorry for the double images Given the following information of the mortgage pool that backs a MPT, what is the regular scheduled payment in month 1 of the...

Question 1 Given the following information on a MPT , what is the anticipated total cash flow available to investors in year 2 ? Round your answer to two decimals. ( Note: You can perform this...

QUESTION 7 Given the following information of the mortgage pool that backs a MPT (same as Question 3,4,5,6), what is the month 1 ending/month 2 starting pool balance for this security? Round your...

QUESTION 5 Given the following information of the mortgage pool that backs a MPT (same as Question 3,4), what is the total cash flow of the pool (i.e. to the issuer/SPV) in month 1 of this security?...

QUESTION 6 Given the following information of the mortgage pool that backs a MPT (same as Question 3,4,5), what is the total cash flow of investors in month 1 of this security? Round your final...

Really hard question. thanks for the help man ... QUESTION 7 Given the following information of the mortgage pool that backs a MPT (same as Question 3,4,5,6), what is the month 1 ending montih 2...

QUESTION 7 Given the following information of the mortgage pool that backs a MPT (same as Question 3,4,5,6), what is the month 1 ending/month 2 starting pool balance for this security? Round your...

Given the following information of the mortgage pool that backs a MPT, what is the regular scheduled payment in month 1 of the security? Use WAC as the mortgage rate and WAM as the number of periods...

QUESTION 7 Given the following information of the mortgage pool that backs a MPT (same as Question 3,4,5,6), what is the month 1 ending/month 2 starting pool balance for this security? Round your...

Petime Corporation acquired 90 percent ownership of United Grain Company on January 1, 20X4, for $108,000 when the fair value of United's net assets was $10,000 higher than its $110,000 book value....

The information that follows is from Matts Hardware Companys April 30, 2014, post-closing trial balance. Required 1. Prepare a classified balance sheet for Matts Hardware. 2. Compute Matts Hardwares...

In a financial merger, the post - merger incremental cash flows would come from a . the acquiring firm's expected cash flows. b . the target firm's expected cash flows. c . any new subsidiary's...

For f(x)=x3+2.7x+2.6, Use Newton-Raphson method to generate first three approximations if the initial value is x1=2