One Hundred Identical Mortgages Are Pooled Together into a Pass-Through

question 28

Multiple Choice

One hundred identical mortgages are pooled together into a pass-through security.Each mortgage has a $150,000 principal, a fixed annual interest rate of 8 percent (paid monthly) , and is fully amortized over a term of 30 years. What is the monthly payment on the mortgage pass-through if a 44 basis point servicing fee is deducted monthly?

• A)$105,499.
• B)$114,700.
• C)$11,340.
• D)$1,055.
• E)$1,277,494.

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Definitions:

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The practice of receiving calls from potential customers in response to advertising or promotional activities, aimed at sales, customer service, or support.

Toll-free Number

A telephone number that is billed for all arriving calls instead of incurring charges to the originating telephone subscriber, allowing customers to call a business without incurring a charge.

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Inbound Telemarketing

A sales strategy where a company receives calls from potential customers interested in their products or services, often in response to advertising.