Author: Rakesh

Agency CMO  Agency CMO (Collateralized Mortgage Obligation): A type of mortgage-backedsecurity (MBS) where the collateral consists of mortgage loans issued or guaranteed bygovernment agencies like Fannie Mae, Freddie Mac, or Ginnie Mae. Tranche: A portion or slice of a CMO with varying levels of risk, maturity, and interestrates. CMOs are divided into different tranches… Read more

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