Collateralized Mortgage Obligations (CMOs) Offset Some of the Problems Associated

question 124

Multiple Choice

Collateralized mortgage obligations (CMOs) offset some of the problems associated with traditional mortgage pass-throughs because

• A) they are overcollateralized.
• B) they have variable rates.
• C) they are collateralized by auto-loans.
• D) they are deep discount instruments.
• E) they are collateralized by credit card debt.

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