Question: Now imagine that these loans whose origination values are listed above are seasoned for 6 months before creating a MPT. What is the starting pool
Now imagine that these loans whose origination values are listed above are seasoned for 6 months before creating a MPT. What is the starting pool balance? Assume that all loans are fixed rate, fully amortizing and make monthly payments. Additionally, assume that in the time period between origination and securitization every borrower makes exactly their scheduled payment (no prepayments, no defaults). Express your answer in dollars rounded to the nearest cent, if necessary. (Hint: first calculate balance outstanding on each segment of the pool after making 6 payments.)
Number of Loans 50 Principal $200,000.00 $250,000.00 $300,000.00 Mortgage Rate 5.00% 4.00% 4.25% Maturity 360 180 360 100 50
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