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17. and FHLMC affected their operations? Describe the problems these two GSEs have experienced over the last 15 years. (LG 7-9) 18. Describe a collateralized

17. and FHLMC affected their operations? Describe the problems these two GSEs have experienced over the last 15 years. (LG 7-9) 18. Describe a collateralized mortgage obligation. How is a CMO created? (LG 7-8)

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