Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 07 Dec 2017 My Price 6.00

GNMA mortgage pool

Consider a GNMA mortgage pool with principal of $20 million. The maturity is 30 years with a monthly mortgage payment of 10 percent per year. 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. Calculate the first monthly servicing fee paid to the originating FIs.

e. Calculate the first monthly insurance fee paid to GNMA

d. Calculate the value of ( a ) the mortgage pool and ( b ) the GNMA pass-through security in Problem 8 if market interest rates increase 50 basis points. Assume no prepayments.

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Dec 2017 09:12 PM My Price 6.00

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