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Collateralized Mortgage Obligation (CMO)

A collateralized mortgage obligation (CMO) is essentially a bundle of numerous mortgages combined in a package and sold to investors.A collateralized mortgage obligation (CMO) is one of a number of mortgage-backed security used by banks to boost…

Collateralized Debt Obligation

A collateralized debt obligation (CDO) represents a mixture of loans and assets that are offered to big investment firms with a lot of capital.Collateralized debt obligations were first introduced oi the U.S. financial landscape in 1987 by the…