Describe a collateralized mortgage obligation. How is a CMO created?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:35 AM

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Describe a collateralized mortgage obligation. How is a CMO created?

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A CMO can be viewed as a multiclass passthrough with a number of different bondholder classes or tra...View the full answer

Financial Markets and Institutions

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