Question
Collateralized Mortgage Obligations (CMOs) were different from Mortgage-backed bonds (MBBs) and Mortgage Pass-Throughs (MPTs) primarily because of the following feature: Use of all fixed rate
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Collateralized Mortgage Obligations (CMOs) were different from Mortgage-backed bonds (MBBs) and Mortgage Pass-Throughs (MPTs) primarily because of the following feature:
Use of all fixed rate mortgages in the pool
Multiple classes of securities
Guarantees by Ginnie Mae
Use of only FHA approved mortgages in the underlying pool
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Capital As Power
Authors: Jonathan Nitzan, Shimshon Bichler
1st Edition
0415496802, 978-0415496803
