collateralized mortgaged obligation (CMO)
Definition
Asset backed security (ABS) structure similar to that of a collateralized bond obligation (CBO) but based on a bank's or a governmental agency's portfolio of mortgage loans instead of bonds. See also real estate mortgage investment conduit (REMIC).
collateralized mortgaged obligation (CMO) is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
collateralized mortgaged obligation (CMO) appears in the definitions of the following terms: tranche and real estate mortgage investment conduit (REMIC)
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