Explain the differences between a cmo and a mortgage, Finance Basics

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Explain the differences between a cmo and a mortgage

1. Explain the differences between a CMO and a mortgage pass-through type of security.

2. Define a mortgage purchase "for portfolio."

3. Discuss the purpose and operation of Ginnie Mae.

4. What would be the price of a $100,000 loan if discounted by three points?

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Finance Basics: Explain the differences between a cmo and a mortgage

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Finance Basics: Explain the differences between a cmo and a mortgage

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