Question: a. What is the monthly mortgage payment (100 percent amortizing) on the pool of mortgages?
b. If the GNMA insurance fee is 6 basis points and the servicing fee is 44 basis points, what is the yield on the GNMA pass-through?
c. What is the monthly payment on the GNMA in part ( b )?
d. Calculate the first monthly servicing fee paid to the originating FIs.
e. Calculate the first monthly insurance fee paid to GNMA.