Question: QUESTION 3 Given the following information of the mortgage pool that backs a MPT, what is the regular scheduled payment in month 1 of the

QUESTION 3

  1. 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 for your calculations. Round your final answer to two decimals. (Write the exact answer and answer is NOT 125516.96)

    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

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