Overseas Bank Is Pooling 50 Similar and Fully Amortized Mortgages

question 20

Multiple Choice

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.

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Definitions:

Omnibus Motion

A comprehensive legal motion that covers multiple issues or points in a single document, often used in court proceedings.

Meeting Agenda

A list or outline of items to be discussed and addressed in a meeting, typically arranged in order of importance.

Team Members

Individuals who belong to a group working together towards common goals or projects.

Meeting Effective

Pertaining to a meeting that is conducted in an efficient manner, achieving its objectives in a timely and productive way.