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Given the following information, answer the following questions for month 12 of this security

-15 year FRMs, monthly payments

-PSA 150

-4.5% mortgage rate, 0.5% servicing fee, 3.75% discount rate

- Pool balance at the beginning of month 12: $75,946,124

- The loans were not seasoned before entering the pool

1. What is the payment to investors in month 12?

2. What the total interest received by the issuer in month 12?

3. What is the projected prepayment amount in month 12?

Round your answer to the nearest cent.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93057663

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