Question

Given the following information on a MPT, what is the anticipated total cash flow available to investors in year 2? Round your answer to two decimals. (Note: You can perform this calculation with the spreadsheet or by completing it iteratively) • 10 year FRM, fully amortizing, annual payments • 10% CPR assumption • 100 loans in the pool • Average starting balance of $350,000/loan • Mortgage rate 5%, annual • No servicing/guarantee fees

Answer #1

QUESTION 7
Given the following information of the mortgage pool that backs
a MPT (same as Question 3,4,5,6), what is the month 1 ending/month
2 starting pool balance for this security? Round your final answer
to two decimals. (Write the exact answer and answer is NOT
1415133.16)
• 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
•...

Given the following information of the mortgage pool that backs
a MPT, what is the dollar amount of prepayment in month 32? Round
your final answer to two decimals.
• 30 year FRM, fully amortizing, monthly payments
• WAC: 5%
• Servicer/Guarantee fee: 0.5%
• Prepayment assumption: 300% PSA
• Loans were not seasoned before entering the pool
• MBS has been active for a few years in collecting payments
from borrowers and making payments to investors
• Starting pool...

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.
• 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
•...

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. • 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
•...

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.
• 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
•...

Given the following information of the mortgage pool that backs
a MPT, what is the dollar amount of prepayment in month 32? ROUND
your final answer to two decimals. (ANSWER IS NEITHER 53261706.19
NOR 53261706.2)
• 30 year FRM, fully amortizing, monthly payments
• WAC: 5%
• Servicer/Guarantee fee: 0.5%
• Prepayment assumption: 300% PSA
• Loans were not seasoned before entering the pool
• MBS has been active for a few years in collecting payments
from borrowers and making...

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
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:...

Given the following information of the mortgage pool that backs
a MPT (same as Question 8), what is the starting pool balance for
month 33 of this security? Round your final answer to two decimals
(Hint: N=360 when t=1, N=359 when t=2, N=358 when t=3 ...).
• 30 year FRM, fully amortizing, monthly payments
• WAC: 5%
• Servicer/Guarantee fee: 0.5%
• Prepayment assumption: 300% PSA
• Loans were not seasoned before entering the pool
• MBS has been active...

Consider a 1,000,000 (for convenience) GNMA pass-through
security consisting of fresh 30-year fixed rate, fully amortizing
mortgages, with a WAC of 7%, and servicing/guarantee fees totaling
0.5%. Allow for a general PSA prepayment rate.
a. Construct an IO/PO stripped MBS from this MPT above, showing
the total cash flows to investors of each piece. For simplicity,
price each piece so that the IRR at PSA 165 equals the MPT
coupon.
You must show your amortization table at a 165 PSA....

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