Understanding Mortgage and Asset-Backed Securities: Key Concepts
1. Complete the Amortization Schedule
Complete the amortization schedule for the first three (3) months only on a 30-year fully amortizing mortgage loan with a mortgage rate of 7.25% where the amount borrowed is $150,000. The monthly mortgage payment is $1,023.26.
2. Consider the Following Information:
Mortgage balance in month 42 = $260,000,000
Scheduled principal payment in month 42 = $1,000,000
Prepayment in month 42 = $2,450,000
a) What is the Single Monthly Mortality (SMM) amount for month 42?
b)
Building a Successful Sales Team: A Deep Dive into Selection and Training
Are Great Salespeople Born or Made?
Becoming a successful salesperson often requires a blend of inherent traits and cultivated skills. Individuals who thrive in sales tend to possess qualities such as stability, self-sufficiency, self-confidence, goal orientation, decisiveness, intellectual curiosity, and accuracy. Recognizing this, many companies, particularly in the pharmaceutical industry, invest heavily in identifying and developing these traits in their sales teams.
The Selection Process: Identifying
Read MoreEconomic Activity: Production, Exchange, and Consumption
Economic Activity: Meeting Needs with Scarce Resources
Basics of Economic Activity
- Needs: Temporary and subject to limitations
- Prolongation: Satisfied until the need ceases
- Repetition: Feeling decreases with repeated experiences
Means of Economic Activity
- Economic Goods: Limited resources
- Free Performance: Considering the need for production
Types of Economic Events
Production
- Raw Materials: Natural resources
- Labor Force: Utilized to produce goods and services
- Capital: Equipment, money, and labor force financing
Types
Read MoreAdolescence, Fame, Business, Unemployment, Fast Food, and Advertising: A Comprehensive Guide
Adolescence: A Time of Joy and Responsibility
Adolescence is a period of life filled with both joy and responsibility. It is a time to explore new experiences, make friends, and learn about oneself. However, it is also important to remember the advice of our parents and other adults who care about us. We must avoid taking drugs or drinking alcohol, and instead focus on having fun with our family and friends.
It is important to be aware of our actions during adolescence, as it is a time that passes
Read MoreSupply Chains and Value Delivery Networks: Optimizing Distribution Channels
Supply Chains and Value Delivery Networks
Upstream and Downstream Partners
- Upstream partners provide raw materials, components, parts, information, finances, and expertise for product or service creation.
- Downstream partners include marketing and distribution channels that reach the customer, such as retailers and wholesalers.
Supply Chain vs. Demand Chain
- Supply chain focuses on production and distribution, viewing the process as”make and sell”
- Demand chain emphasizes customer needs, starting with target
Tactical Style Allocation: A Modern Approach to Bond Timing
Introduction
In the realm of fixed income investing, tactical style allocation (TSA) has emerged as a sophisticated approach to bond timing. TSA involves making systematic bets on bond indices representative of various rating classes, such as Treasury, Corporate Investment Grade, and High Yield, based on econometric analysis.
The Need for Decision-Making Tools
TSA emphasizes the importance of building decision-making tools that provide portfolio managers with benchmarks against which they can compare
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