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Question
Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security. The face value of each mortgage is $100,000 paying 180 monthly interest and principal payments at a fixed rate of 9 percent per annum.
What is the monthly payment received by investors of the mortgage pass-through if the FI deducts a 50 basis points servicing fee?
A. $49,237.
B. $50,713.
C. $50,459.
D. $51,200.
E. $52,100.
Answer
This answer is hidden. It contains 115 characters.
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