Collateralized Mortgage Obligations, or CMOs, are a type of mortgage-backed security. Thousands of individual mortgages are pooled together into classes, or tranches, and categorized by their risk ...
Further, a collateralized mortgage obligation (CMO) is a complex type of MBS. Unlike a CDO, a CMO is based on MBS only. That means it can be hit particularly hard by interest rate changes ...
although the managers are just as comfortable wading through specified pools and collateralized mortgage obligations depending on where they perceive value. Still, other securitized sectors may ...
Further, a collateralized mortgage obligation (CMO) is a complex type of MBS. Unlike a CDO, a CMO is based on MBS only. That ...