Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume the following fha mortgage loan information

Assume the following FHA mortgage loan information: loan amount: $400,000; (annual) interest rate: 4.50%; original...

90.2K

Verified Solution

Question

Accounting

image
Assume the following FHA mortgage loan information: loan amount: $400,000; (annual) interest rate: 4.50%; original loan term: 25 years. Assume this loan has been included in a GNMA passthrough mortgage-backed security that promises to pay a coupon rate to investors of 4.0% annually with monthly payments. How much of the borrower's mortgage payment in month one will be retained by the mortgage banker who pooled the mortgages included in the GNMA passthrough security and is now servicing the securitized loans? O $147 $240 O $20 $1.760 None of the choices is within $1 of the correct

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Alvis Construction Supply Company has a department thatmanufactures wood trusses (wood frames used in...

Finance
1.2K views

Proposals A, B, C, D, E, F and G are being considered with money flows over...

Medical Sciences
1.2K views

How does exercise effect your body? Provide 3 ways and fully explain.

Accounting
1.2K views

a. Rory Inc. is a manufacturer of windows. Rory primarily sells to residential builders who take...

Biology
1.2K views

Describe the process of cell differentiation

Algebra
1.2K views

Simplify 6w 8w 2 21 16w 0

Accounting
1.2K views

need some help Use the following information for the...

Accounting
1.2K views

A company is planning to purchase a machine that will cost $84,000, have a six-year...

Accounting
1.2K views

McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces...

Accounting
1.2K views

Boxwood Company is a wholesale plant nursery that is considering implementing two CSR initiatives. Information...

Finance
1.2K views

Multiple Choice may enjoy more accounting transparency than firms with diffuse ownership structures. Is a...

Accounting
1.2K views

Marcie owns a 10 percent interest in a shopping mall located in Portland, Maine. Her...