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Collateralized mortgage obligations

• Abbreviated CMO. Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities.

 
 

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 Embedded terms in definition
 Cash flow
Cash
Cmo
Mortgage
Prepayment risk
Prepayment
Risk
Securities
Underlying
Whole loan
 
 Related Terms
 

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