New england national bank pools 30000000 in mortgage


New England National Bank pools $30,000,000 in mortgage principal that pays an aggregate coupon of 4.1% per annum. a) Assuming the mortgages are interest only, how much principal will remain in the pool at the end of month 8 assuming 421% PSA (all payments are made in arrears).

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Financial Management: New england national bank pools 30000000 in mortgage
Reference No:- TGS02148821

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