Question: Please answer all parts. Consider a GNMA mortgage pool with principal of $24 million. The maturity is 30 years with a monthly mortgage payment of

Please answer all parts.

Please answer all parts. Consider a GNMA mortgage pool with principal of

Consider a GNMA mortgage pool with principal of $24 million. The maturity is 30 years with a monthly mortgage payment of 10 percent per year. Assume no prepayments. a. What is the monthly mortgage payment (100 percent amortizing) on the pool of mortgages? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) b. If the GNMA insurance fee is 9 basis points and the servicing fee is 41 basis points, what is the yield on the GNMA pass-through? (Do not round intermediate calculations. Round your answer to 5 decimal places. (e.g., 32.16161)) c. What is the monthly payment on the GNMA in part (b)? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) d. Calculate the first monthly servicing fee paid to the originating Fls. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) e. Calculate the first monthly insurance fee paid to GNMA. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

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!