* Hypothetical Penalty Assumptions: We assumed that maturity is in two years (Sept 17, 2014), rates would stay the same, posted rate at origination was 5.24%, the borrower’s actual rate was 3.09% (fixed), the borrower took a 25-year amortization, and the original balance was $109,124 (leaving $100,000 to pay out).
Rob McLister, CMT
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