Question: - Given the following information on an MPT (the same as question 3 but adding a Servicing Fee), what is the servicing fee in year

- Given the following information on an MPT (the same as

- Given the following information on an MPT (the same as question 3 but adding a Servicing Fee), what is the servicing fee in year 3? (Round your answer to the nearest dollar) - 10 year FRM, fully amortizing, annual payments. - No prepayment or default - 150 loans in the pool - Average starting balance of $200,000/ loan - Coupon rate 5\% (Mortgage rate 5\%) - Servicing fee of 0.5% of starting outstanding pool balance

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