collateralized mortgage obligation

collateralized mortgage obligation
collateralized mortgage obligation n: a bond collateralized by a pool of mortgage obligations or pass-through securities and paid according to the maturity and amortization schedule of its class and not directly from the underlying obligations – called also CMO; see also remic compare pass-through security at security, tranche

Merriam-Webster’s Dictionary of Law. . 1996.

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  • collateralized mortgage obligation — ( CMO) A type of MBS created by dividing the rights to receive the principal and interest cash flows from an underlying pool of mortgages into separate classes or tiers. The tiers or classes are usually called tranches. In other words, it is a… …   Financial and business terms

  • Collateralized mortgage obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Collateralized loan obligation — Collateralized loan obligations (CLOs) are a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches. A CLO is a type of… …   Wikipedia

  • Collateralized Mortgage Obligation - CMO — A type of mortgage backed security that creates separate pools of pass through rates for different classes of bondholders with varying maturities, called tranches. The repayments from the pool of pass through securities are used to retire the… …   Investment dictionary

  • Collateralized mortgage obligation (CMO) — A security backed by a pool of pass throughs , structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass through securities are used to retire the …   Financial and business terms

  • Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Collateralized fund obligation — A collateralized fund obligation (CFO) is a form of securitization involving private equity fund or hedge fund assets, similar to collateralized debt obligations. CFOs are a structured form of financing for diversified private equity portfolios,… …   Wikipedia

  • Collateralized Bond Obligation — A Collateralized Bond Obligation is an investment grade bond backed by a pool of junk bonds. Junk bonds are typically not investment grade, but because they pool several types of credit quality bonds together, they offer enough diversification to …   Wikipedia

  • Collateralized Fund Obligation — A Collateralized Fund Obligation or (CFO), in finance, is a form of securitization involving private equity fund or hedge fund assets, similar to collateralized debt obligations. CFOs are a structured form of financing for diversified private… …   Wikipedia

  • collateralized mortgage obligation — noun : a bond backed by a pool of mortgages and paid according to the maturity and amortization schedule of its class …   Useful english dictionary

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