q what do you mean by collateralized mortgage


Q. What do you mean by Collateralized Mortgage Obligation?

Collateralized Mortgage Obligation (CMO) - SECURITY whose cash flows equal the difference between cash flows of collateralizing ASSETS and collateralized obligations of a securitized TRUST. Characteristics of CMO residuals differ greatly and can be extremely complex in nature.

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Financial Management: q what do you mean by collateralized mortgage
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