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Basic Question 5 of 9
The prepayment rate for a particular mortgage pool is expected to be 225 PSA. Which of the following would best estimate this pool's single monthly mortality rate (SMM) for the 15th month?
B. 0.581%
C. 0.924%
A. 0.361%
B. 0.581%
C. 0.924%
User Contributed Comments 1
| User | Comment |
|---|---|
| maryprz14 | I do not remember the notes saying anything about this magic 6% or the t/30? |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe types and characteristics of residential mortgage-backed securities, including mortgage pass-through securities and collateralized mortgage obligations, and explain the cash flows and risks for each type
CFA® 2025 Level I Curriculum, Volume 4, Module 19.