Collateralized Mortgage Obligations (cmos)


Definition of "Collateralized mortgage obligations (cmos)"

Debbie Layman real estate agent
Debbie Layman, Real Estate Agent Village Real Estate HBV

Bonds that are secured by mortgage securities classified as either interest only or principal only strips (separate trading of registered interest and principal of securities). Insurance companies find CMOs desirable because of their predictable cash flow patterns.

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