Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Consider a GNMA mortgage pool with principal of $20 million. The maturity is 30 years with a monthly mortgage payment of 10 percent per annum. Assume no prepayments.

a. What is the monthly mortgage payment (100 percent amortizing) on the pool of mortgages?

b. If the GNMA insurance fee is 6 basis points and the servicing fee is 44 basis points, what is the yield on the GNMA pass-through?

c. What is the monthly payment on the GNMA in part (b)?

d. find out the first monthly servicing fee paid to the originating FIs.

e. find out the first monthly insurance fee paid to GNMA.

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M927605

Have any Question? 


Related Questions in Basic Finance

If you were in senior leadership and presenting strategic

If you were in senior leadership and presenting strategic options for growth, which strategy would you recommend? 1) Maintain the current portfolio as is but initiate more profit requirements from all units. 2) Acquire a ...

There are three well-diversified portfolios a b and c with

There are three well-diversified portfolios A, B and C with alphas of 0.0132, 0.0289 and 0.0579, respectively, and betas of 1.27, 1.15 and 1.50, respectively. The risk-free rate is 4.7% p.a., the market risk premium is 8 ...

Below are three line items from a corporations income

Below are three line items from a corporation's Income Statement. Select the correct line to use and compute the federal tax. Sales: $335,000 Cost of Goods Sold: $225,000 Net Profit Before Tax: $ 92,000

Solve this proble using a formula thnaks suppose the texas

Solve this proble using a formula, thnaks. Suppose the Texas lottery advertises that it pays its winner 5 million. However, this prize money is paid at the rate of $1 million each year (with the first payment being immed ...

How is a surplus in the current account related to a

How is a surplus in the current account related to a deficit in the capital account? How is a deficit in the current account related to a surplus in the capital account?

Impact of government spending if the federal government

Impact of Government Spending : If the federal government planned to expand the space program, how might this affect interest rates?

You must show your work for all of the problems1 you have

You must show your work for all of the problems. 1. You have accumulated $508,894 for your retirement. How much money can you withdraw for the next 25 years in equal annual end-of-the-year cash flows if you invest the mo ...

What is a depository institutionwhat is a checkable deposit

What is a depository institution? What is a checkable deposit? How does a depository institution differ from other intermediaries? Give three examples of depository institutions.

Question 1 what were the responsibilities of the mortgage

Question 1: What were the responsibilities of the mortgage brokers to borrowers? To lenders? To investors? How well did they fulfill their responsibilities? Why? Question 2: Did some subprime lenders behave unethically? ...

Why are interest rates on trea sury securities used as

Why are interest rates on Trea sury securities used as benchmarks to judge the riskiness and liquidity of other securities?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate