Worked Example: Mortgages, Loans, and Repayments

There is a lump sum payment at the maturity of the GNMA that equals 50 percent of the mortgage pool's face value. If there is a 50 percent amortization, the monthly GNMA pass through payments are: $10m = R*PVAn=180, k=0.6667% + 5m*PVn=180, k=0.6667% ( R = $81,115.94 ................
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