Calculate the first monthly insurance fee paid to gnma

Assignment Help Finance Basics
Reference no: EM131633833

Question: 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.

Reference no: EM131633833

Questions Cloud

Prepare journal entry to record the issuance of the bonds : Gridley Company issued $800,000, 11%, 10-year bonds on December 31, 2016, Prepare the journal entry to record the issuance of the bonds
Define college-sponsored or college-supervised activity : Disorderly, lewd, or obscene conduct or language on campus or at any College-sponsored or College-supervised activity
Differences in the numbers of erythrocytes visible : Were there differences in the numbers of erythrocytes visible in each macrophage monolayer (+/-Ab) and why would this be expected?
What is meant by a haemagglutination inhibition assay : Q 1: What is meant by a haemagglutination inhibition assay? Q 2: Explain the basis for the negative (saline) control.
Calculate the first monthly insurance fee paid to gnma : 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?
Identify the chemical properties with common oxidizers : Identify the chemical properties, uses, and primary hazards associated with common oxidizers including concentrated nitric acid
What are the tax effects of extraordinary dividend : What are the tax effects of extraordinary dividend on a corporation shareholder? (Make sure you cite the authoritative sources)
Is responsibility for actions same as autonomy : Is responsibility for actions same as autonomy? Is moral autonomy really the over-riding moral obligation?
Essential elements of leadership and management : Examine your individual, essential elements of leadership and management.

Reviews

Write a Review

Finance Basics Questions & Answers

  How should the $1,000,000 in development costs be classified

The company has determined that the existing line could be sold to a competitor for $250,000. How should the $1,000,000 in development costs be classified? How should the $250,000 sale price for the existing line be classified? Depict all of the know..

  Review of shoppers drug mart corp financial report

Shoppers Drug Mart Corporation is a public firm listed in Toronto Stock Exchange. Mr. Brian Cooper is interested in investing in this firm and would like a critical assessment of the firm's 2013 Annual Report (attached). He approached Smart Consul..

  Review the organizational charts presented in your reading

HCA312- Review the organizational charts presented in your reading materials. The sample organization chart lists major areas of responsibility.

  Calculating expected growth rate

You expect KT Industries will have earnings per share of dollar 3 this year and expect that they will pay out $1.50 of these earnings to shareholders in the form of a dividend.

  Differentiate between various financial market and institute

Differentiate between various financial markets and institutions by comparing

  Differentiate between organic matter and inorganic matter

Differentiate between organic matter and inorganic matter

  What is the total amount of amortization expense

In early January, Burger Mania acquired 100% of the common stock of the Crispy Taco restaurant chain. The purchase price allocation included.

  Suppose ben must borrow the money

What initial salary would Ben need to receive to make him indifferent between attending Wilton University and staying in his current position? Suppose Ben must borrow the money. The current borrowing rate is 5.4%. How would this affect his decision..

  Calculate the other party''s final cost

"Another company would be willing to pay our company a floating rate payment priced at 3-month Libor+25bp, while our company would have an obligation to pay a fixed rate of 5.55% annualized, with quarterly settlements. I'm not overly concerned with t..

  How much is unplanned inventory investment

Autonomous consumption is $500, the marginal propensity to consume is 0.8, and planned investment spending is $200. If GDP is $3,000, how much is unplanned inventory investment?

  Calculate the expected price change if interest rates drop

Consider the bond in the previous question. Calculate the expected price change if interest rates drop to 6.75% using the duration approximation. Calculate the actual price change using discounted cash flow.

  Evaluate the risk of loss and the opportunity for profit

evaluate the risk of loss and the opportunity for profit when traders buy or sell puts and calls and evaluate call and

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd