Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security. Theface value of each mortgage is $100,000 paying 180 monthly interest and principal payments at afixed rate of 9 percent per annum. What is the monthly payment received by investors of themortgage pass-through if the Fl deducts a 50 basis points servicing fee?$49,237.$50,713.$50,459.$51,200.$52,100.

Given, The value of each mortgage is 100,000 Number of Mortgages = 50 The value of 50 mortgage = 50…

Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security. The ace value of each mortgage is $100,000 paying 180 monthly interest and principal payments at a xed rate of 9 percent per annum. What is the monthly payment received by investors of the hortgage pass-through if the Fl deducts a 50 basis points servicing fee? O $49,237. O $50,713. O $50,459. $51,200.

Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security. The ace value of each mortgage is $100,000 paying 180 monthly interest and principal payments at a xed rate of 9 percent per annum. What is the monthly payment received by investors of the hortgage pass-through if the Fl deducts a 50 basis points servicing fee? O $49,237. O $50,713. O $50,459. $51,200.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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You took out a $200,000 mortgage for 30 years. The contract rate is tied to the one-year U.S. treasury rate (index rate). The fixed risk premium for your mortgage is 9%. Your interest rate will be adjusted every year. For the first year, the index rate is 1.5%. What is the outstanding principal at the end of year 1? $95,758 $198,999 $197,769 $96,726
Assume a $100,000 mortgage loan with 30-year term. The lender is charging an annual interest rate of 10% and two discount points at origination. Up-front financing costs paid to third parties total $1,000. Assuming the mortgage is held for five years and no prepayment, the lender's yield is percent. (round to two decimal places)
You take out a 15-year FRM for $500,000. The bank offers 5% interest rate but charges you a loan fee of 5% of the total loan amount. What is the actual cost of borrowing of this mortgage? 0.42% 0.48% 5.00% 5.79%
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Ironwood Bank is offering a 30-year mortgage with an APR of 6.10% based on monthly compounding. If you plan to borrow $161,000, what will be your monthly payment? (Note. Be careful not to round any intermediate steps less than six decimal places.) The loan payment is § (Round to the nearest cent.)
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 • Prepayment assumption: 75% PSA
A house is selling for $180,000. A deposit of $10,000 was made when the sales contract was signed. The down payment is 25% and the balance will be financed with a 25-year mortgage at 8% and 3 discount points. If the sellers are responsible for the broker's commission (5% of the purchase price); $1,950 in other closing costs; and the existing mortgage with a balance of $50,000; what proceeds will they receive on the sale of the property? O $113,650.00 O $119,050.00 O $122,650.00 O $128,550.00
3
Everett's Electronics is receiving a senior bank loan with the following terms: $6MM principal, 5.6% interest rate, 7 year loan term, 0.75% commitment fee, and a 1% closing fee. What is the expected annual return to the lender? A. 5.85% B. 6.85% C. 5.91% D. 6.2%
Consider a $180,000 15-year, fixed-rate mortgage with an annual interest rate of 4.70% and monthly payments. How much of the total expenses on mortgage payments go toward principal during the first two years (round to the nearest dollar)? $14,139 $5,739 $16,666 $25,663 $33,491 $17,339 $16,152 $22,755

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