What does ‘CMO’ stands for?
What does ‘CMO’ stands for?
[A]Collateralized Mortgage Obligation
[B]Collateral Mortgage Obligation
[C]Collective Mortgage Obligation
[D]Concentrated Mortgage Obligation
Collateralized Mortgage Obligation
Collateralized Mortgage Obligations (CMOs) are a type of Mortgage-Backed Security(MBS) with separate pools of pass-through security mortgages that contain varying classes of holders and maturities (tranches) with the advantage of predictable cash flow patterns.
Originally written on
June 3, 2015
and last modified on
June 3, 2015.