Counting Binomial Lattice Paths

This is not an academic or financial post, but a fun look at the large number of possible paths available in the binomial lattice used in certain types of financial models. Although there is a small model in the accompanying spreadsheet, this post is mostly...
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Addition to Required Minimum Distribution

James was searching the web, when he ran across my Taxes workbook and the sheet called Required Minimum Distribution (RMD). He was looking for an Excel spreadsheet that calculated the net balance each year on tax differed accounts (IRR, 401k, etc.) after the return on...
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Monthly Interest Using Actual Days, Without an Amortization

A reader came across my post called  Loan Pool Named Formulas, Without An Amortization Schedule . This post and spreadsheet showed how, by using mathematical formulas, any month in a mortgaged backed security amortization schedule can be calculated, without creating the whole amortization schedule. The reader asked if the formulas could be adjusted...
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Internal Audit – Interactive Report

First a Warning!! To use this spreadsheet, you need excel 2013 or higher, due to the use of table slicers (not to be confused with pivot table slicers). Internal Audit (IA) frequently reports to the board or supervisory committee. Typically, these groups are concerned with the...
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Mortgage Loan Pool – Default Recovery

For those that follow my blog, you know that I have used amortization schedules extensively in my analysis. This post and spreadsheet takes a closer look at the default and loss severity assumptions. In previous spreadsheets, the defaults and loss severity have taken place in the...
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U.S. Gross Domestic Product Dashboard

First a warning. To use the linked spreadsheet, you need Excel 2013 or higher, due to the use of table slicers (not to be confused with pivot table slicers). This spreadsheet is an Excel dashboard that can be used to analyze U.S. Gross Domestic Product. The percentage change...
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Testing my VBA Mortgage Portfolio Cash Flows

A few weeks ago, I wrote a post called “Valuing a Mortgage Portfolio With Cash Flow Analysis” along with a spreadsheet using VBA to calculate the cash flows of a loan portfolio. Ideally, if an amortization schedule for each loan could be created and the cash flow...
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Required Minimum Distribution (RMD)

You can tell that I am running out of ideas to create new spreadsheets. I’m back to creating tax calculators. This one is concerned with the required minimum distribution (RMD) that everyone with an IRA or 401K will some day need to use. When you reach...
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Tax Equivalents

In 2014 I wrote a post and Excel workbook called Tax Calculators, in which I described some of the calculations I had run across during my career. One of the sheets was a taxable equivalent sheet. The sheet was full of tables describing various equations for different equivalent...
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Average Life VBA Function For MBS

This is the fourth  in a series of VBA, User Defined Functions for Mortgage Backed Securities (MBS). The other three are, solve for price given yield , yield given price and Macaulay Duration . Actually the seventh UDF, if you include the functions solving for the market value of Servicing,...
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