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1) Let the GNMA mortgage pool with the principal of $20 million. Maturity is: 30 years with a monthly mortgage payment of 10 percent per year. Suppose no prepayments.

i) Compute the monthly mortgage payment (100 percent amortizing) on pool of mortgages?

ii) If GNMA insurance fee is 6 basis points and servicing fee is 44 basis points, find out the yield on the GNMA pass-through?

iii) Determine the monthly payment on GNMA in part (ii)?

iv) Compute first monthly servicing fee paid to originating FIs.

v) Compute first monthly insurance fee paid to GNMA.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M914020

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