Payment Calculations for Single Family Mortgage-Backed Securities
Product Overview
Payment Calculations for
Single Family Mortgage-Backed Securities
The formulas listed below illustrate calculations of the interest payments and principal payments for
Freddie Mac¡¯s Single Family mortgage-backed securities products.
Examples of how a July payment is calculated are depicted below for 45-day, 55-day and 75-day securities.
For 55-day securities, the ¡°Payment Date¡± is the 25th day of each month, or if the 25th day is not a business day,
the next business day applies.
For 45-day and 75-day securities, the ¡°Payment Date¡± is the 15th day of each month, or if the 15th day is not a
business day, the next business day applies.
July Payment Example
55-DAY SECURITIES
Interest Payment = (PAR) (June Factor) (Rate/12)
Principal Payment = (June Factor ¨C July Factor) (PAR)
45-DAY SECURITIES
Interest Payment = (PAR) (June Factor) (Rate/12)
Principal Payment = (June Factor ¨C July Factor) (PAR)
75-DAY SECURITIES
Interest Payment = (PAR) (May Factor) (Rate/12)
Principal Payment = (May Factor ¨C June Factor) (PAR)
DEFINITIONS: PAR - Original Security Balance at Issuance; Rate - Security Coupon Interest Rate; Factor - Eight digit decimal
which represents the percentage of the original balance of the pool or tranche that is outstanding as of a given date
This product overview is not an offer to sell or solicitation of an offer to buy any Freddie Mac securities. Offers for any given security
are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac¡¯s Information Statement
and related supplements.
Continues
1
August 2019
July Payment Example
Record Date
Payment Date
Accrual Period
Calculations are based on a 30 day month and 360 day year. Consult your applicable Offering Circular
Supplement to determine the accrual period that corresponds with your security.
UMBS, Supers,
MBS REMICs and Strips
Participation Certificates (PC)
55-DAY
45-DAY
75-DAY
May
1
June
June
30
31
1
1
July
15
30
30
June
15
30
30
1
1
July
15
July
15
30
1
1
15
15
25
31
15
31
31
REMIC Tranche (Fixed or Floater with Delay)
45-DAY
55-DAY
June
June
1
1
July
15
30
30
July
15
30
1
1
25
15
31
31
75-DAY
May
May
1
1
June
15
31
June
15
30
31
1
OR
July
14
14
30
1
July
15
30
1
15
15
1
15
15
31
31
Continues
2
August 2019
REMIC Tranche (Floater with Zero Delay)
45-DAY
55-DAY
75-DAY
May
1
June
June
1
1
July
15
30
30
14
1
30
July
25
1
June
15
July
14
15 15
1
30
24 25
14
15
14 15
14
31
31
1
31
Factor disclosed in first month is applicable to accrual period shown.
Ginnie Mae Backed REMICs
FIXED & FLOATER WITH DELAY
FLOATER WITH ZERO DELAY
June
June
Previous
Payment
Date
July
30
Fixed & Floater
with Delay
Floater with
Zero Delay
July
30
1
Payment
Date
Payment
Date
Ginnie Mae-backed REMICs have a number of different payment dates. Consult your applicable Offering Circular Supplement to determine the
date that corresponds with your REMIC.
For additional information about Freddie Mac payment calculations and mortgage-backed securities, visit
Freddie Mac¡¯s Web site at mbs or contact Investor Inquiry at
investor_inquiry@.
3
August 2019
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- mortgage calculator principal and interest table
- hp 12c financial calculator loan amortizations hp office supply
- success center practice sheet calculating simple exact and ordinary
- the math behind loan modification chapa
- simple mortgage calculator principal and interest topic
- mortgage calculator showing monthly principal and interest
- home equity conversion mortgage hecm calculation software version 2 4
- hp 12c loan amortizations amortization the hp12c amortization approach
- mortgage calculator principal and interest spreadsheet
- syllabus topic fm4 credit and borrowing microsoft
Related searches
- mortgage payment equation for excel
- hud single family housing handbook 4000 1
- hud single family handbook
- american family mortgage company
- fha approved single family homes
- american family mortgage corp
- american family mortgage corporation
- american family mortgage protection insurance
- black single family statistics
- cheap single family homes
- orange county single family house sale zillow
- single family homes for sale arlington texas