Assume the following FHA mortgage loan information: loan amount: $400,000; (annual) interest rate: 4.50%; original...
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Assume the following FHA mortgage loan information: loan amount: $400,000; (annual) interest rate: 4.50%; original loan term: 25 years. Assume this loan has been included in a GNMA passthrough mortgage-backed security that promises to pay a coupon rate to investors of 4.0% annually with monthly payments. How much of the borrower's mortgage payment in month one will be retained by the mortgage banker who pooled the mortgages included in the GNMA passthrough security and is now servicing the securitized loans? O $147 $240 O $20 $1.760 None of the choices is within $1 of the correct
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