Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - What would be the impact on GNMA pricing if the pass-through was not fully amortized? What is the present value of a $10 million pool of 15-year mortgages with an 8.5 percent per annum monthly mortgage coupon if market rates are 5 percent? The GNMA guarantee fee is assumed to be 6 basis points, and the bank servicing fee is 44 basis points.
a) Assume that the GNMA is fully amortized. What is the value of GNMA?
b) Assume that the GNMA is only half amortized. Half amortized means there is a lump sum payment at the maturity of the GNMA that equals 50 percent of the mortgage pool's face value. The other half is amortized (paid off) using monthly payments. What is the value of the GNMA?
c) PSA prepayment model (Excel needed) Consider a mortgage pool of 500 residential mortgages of 200,000$ each. The coupon rate on the pass through is 11.5% annual rate compounded monthly. The life of the mortgages is 30 years each. The mortgage prepayment is estimated to be 150 PSA. The yield on newly issued par value GNMA pass through is 11.25%.
For months 0 through 360 calculate the Opening balance, Interest, Principal, Prepaid Principal, Cash flows and the closing balance for this pool What is the market value of this pool based on the above calculations.
A company forgot to record accrued and unpaid employee wages of $350,000 at period-end. This oversight would Understate net income by $350,000.
On October 1, Steve's Carpet Service borrows $250,000 from First National Bank on a 3-month, $250,000, 8% note. What entry must Steve's Carpet Service make on December 31 before financial statements are prepared?
What is the transaction cost according to the 'midpoint of bid ask prices at time of trade' benchmark? The market opens at 9:30 AM, at which point 15,000 shares
Cash composition On December 31, 2018, Compute the cash and cash equivalents to be shown on December 31, 2018 Statement of Financial Position.
Briefly identify and define the cost elements that are incurred in making a product. After product cost elements are identified, how is the cost of goods manufactured for a period determined?
The exercise price on one of the Flanagan Company's options is $15, its exercise value is $22, and its premium is $5. What are the option's market value
Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 27, 2008, and September 29, 2007. Evaluate the company's overall liquidity and profitability.
Discuss the ethical dilemma Jack faces. What is the issue? Who are the parties involved? What factors should Jack consider in making his decision?
Jerry wants to save up $16000 so he can buy a new truck in 8 years. If he can earn j1=2.5% on his money, what is the size of his yearly payments.
At year-end, GHI Co. received two P1,000,000 notes receivable from customers. At what amount should the note receivable from XXX Corp. be reported at year-end?
When preparing the consolidated financial statements, any dividend paid by a parent entity to its shareholders? has no impact on the group accounts
You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its maj..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd