Question: Question 23 4 points Save Answer A CMO has been issued with 3 tranches and a residual. At origination Tranche A investors own $55. million

 Question 23 4 points Save Answer A CMO has been issued

Question 23 4 points Save Answer A CMO has been issued with 3 tranches and a residual. At origination Tranche A investors own $55. million of principal with a coupon rate of 3.50%. Tranche investors own 58 million of principal with a coupon rate of 3.70%. Tranchez inwestors, own 511 milion of principal with a coupon rate of 4.50% The residual carries $1 million and receives all residual payments. Mortgages backing the security isued are fully amortizing fixed rate with mortgage rate of 4.50% with 30 year maturities and monthly payments. Assume no servicing/guarantee fee and no prepayments. What is the mortgage pool's starting balance at origination Round your answers to cents es. If your answer is 556000.0444, write 56000.04) Question 23 4 points Save Answer A CMO has been issued with 3 tranches and a residual. At origination Tranche A investors own $55. million of principal with a coupon rate of 3.50%. Tranche investors own 58 million of principal with a coupon rate of 3.70%. Tranchez inwestors, own 511 milion of principal with a coupon rate of 4.50% The residual carries $1 million and receives all residual payments. Mortgages backing the security isued are fully amortizing fixed rate with mortgage rate of 4.50% with 30 year maturities and monthly payments. Assume no servicing/guarantee fee and no prepayments. What is the mortgage pool's starting balance at origination Round your answers to cents es. If your answer is 556000.0444, write 56000.04)

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