Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security.The face value of each mortgage is $100,000 paying 180 monthly interest and principal payments at a fixed rate of 9 percent per annum. What is the monthly payment received by investors of the mortgage pass-through if the FI deducts a 50 basis points servicing fee?
A)$49,237.
B)$50,713.
C)$50,459.
D)$51,200.
E)$52,100.

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The Answer of Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security.The face value of each mortgage is $100,000 paying 180 monthly interest and principal payments at a fixed rate of 9 percent per annum. What is the monthly payment received by investors of the mortgage pass-through if the FI deducts a 50 basis points servicing fee?
A)$49,237.
B)$50,713.
C)$50,459.
D)$51,200.
E)$52,100.

Overseas Bank Is Pooling 50 Similar and Fully Amortized Mortgages