23456789101112131415161718192021222324252627282930313233343536G1INPUTMonthNumber12345678910111213141516171819202122232425262728293031BXWACBeginningBalance$ 150,000✓ fx8.600%CPR%PASS_THRU RATEDSMM%WAMMortgage PMTExpected360Interest$ paidto InvestorsGASS_THRU RATScheduledPrincipal PMTH8.000%Estimated PrincipalPre-PMTPOOL$Total Principalpaid to Investors$150,000Total Cash Flowto InvestorsPoolFeesPSAM100

Pass-Through Rate AnalysisInput Weighted Average Coupon (WAC): 8.600%Notes Each monthThe mortgage…

6 7 2 3 Month 4 Number 5 8 9 10 #1 42 24 45 16 27 18 19 20 21 22 23 24 es 26 228 30 82 33 84 35 G1 36 B INPUT WAC 1 2 3 4 5 = 6 = 7 - 8 - 9 - 10 11 ** 12 *4 13 25 14 15 16 17 17 10 18 1 19 20 21 - 22 1 23 24 2 x ✓ fx PASS THRU RATE 25 25 26 27 28 29 30 31 Beginning Balance $ 150,000 8.600% CPR% D SMM% WAM Mortgage PMT Expected F 360 Interest$ paid to Investors ASS_THRU RA1 Scheduled Principal PMT H 8.000% Estimated Principal Pre-PMT POOL$ Total Principal paid to Investors $ 150,000 Total Cash Flow to Investors K Pool Fees PSA M 100

6 7 2 3 Month 4 Number 5 8 9 10 #1 42 24 45 16 27 18 19 20 21 22 23 24 es 26 228 30 82 33 84 35 G1 36 B INPUT WAC 1 2 3 4 5 = 6 = 7 - 8 - 9 - 10 11 ** 12 *4 13 25 14 15 16 17 17 10 18 1 19 20 21 - 22 1 23 24 2 x ✓ fx PASS THRU RATE 25 25 26 27 28 29 30 31 Beginning Balance $ 150,000 8.600% CPR% D SMM% WAM Mortgage PMT Expected F 360 Interest$ paid to Investors ASS_THRU RA1 Scheduled Principal PMT H 8.000% Estimated Principal Pre-PMT POOL$ Total Principal paid to Investors $ 150,000 Total Cash Flow to Investors K Pool Fees PSA M 100

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 18MCQ

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