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Basic Question 0 of 10
Consider the following mortgage pool information:
SMM: 0.006
Scheduled monthly repayment: $20,000
Balance: $1,000,000
SMM: 0.006
Scheduled monthly repayment: $20,000
The forecasted prepayment amount for the next month is:
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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;
define prepayment risk and describe the prepayment risk of mortgage-backed securities;
CFA® 2024 Level I Curriculum, Volume 4, Module 45.