If the gnma insurance fee is 6 basis points and the


Question: 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. Calculate the first monthly servicing fee paid to the originating FIs.

e. Calculate the first monthly insurance fee paid to GNMA.

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Finance Basics: If the gnma insurance fee is 6 basis points and the
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