In: Finance
Consider a mortgage pool with principal of $20 million. The
maturity is 30 years a monthly...
Consider a mortgage pool with principal of $20 million. The
maturity is 30 years a monthly mortgage payments and the interest
rate of 10 per cent per annum. (Assume no prepayments).
- What is the monthly mortgage payment (100 per cent amortising)
on the pool of mortgage?
A.$193,004.33 B.$182,236.25
C.$175,514.31 D.$176,798.75
- If the mortgage-backed security insurance fee is 60 basis
points and servicing fee is 40 basis points, what is the monthly
payment on the pass-through security issued from this pool of
mortgages?
A.$162,227.25 B.$158,350.31 C.170,854
.50 D.$160,924.52