Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. if the picture is unclear, it says; consider a se

if the picture is unclear, it says; consider a sequential pay CMO that is...

80.2K

Verified Solution

Question

Finance

image
if the picture is unclear, it says;
consider a sequential pay CMO that is backed by 60 mortgages with average balance lf $100,000 each. the mortgages have monthly payments with WAM=15 years and WAC = 4%. There is a servicing dee of 0.6% and prepayment is according to 100% PSA. There are three tranches in this CMO: tranch A issued for 2,000,000, tranche B issues for $2,000,000, and a Z-bond issued for $2,000,000. How much cash flow do investors in tranche A receive in the first month?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Two teaching methods and their effects on science test scores are being reviewed. A random sample...

Basic Math
Q

consider a galvanic cell that is set up under standard conditions and allowed to react. How many...

Chemistry
Q

Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros,...

Accounting
Q

Jay Miller sold his ski house at Attitash Mountain in New Hampshire for $42,000. This...

Basic Math
Q

Which of the following terms appear in the expansion of (x+y)^10? The letter a in...

Basic Math
Q

Solve the problem involving probabilities with independent events. A card is drawn from a 52-card...

Basic Math
Q

Find the volume of the regular hexagona prism If necessary round to the neares enth...

Algebra
Q

The following information pertains to Havana Corporation's defined benefit...

Accounting
Q

7. Jackson Mann facturing Compuny had a begginning inventory of 23,000! During the of 125,000...

Accounting
Q

We know that Facebook acquired two companies in 2014. If Facebook took a goodwill impairment...

Accounting
Q

Please answer all parts of this question. Thanks in advance! A...

Accounting
Q

PO 15 Max has been asked to be the executor of his brother's estate (liquidator...

Finance