Real Estate Glossary

CMO (collateralized mortgage obligation)

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Written by Kevin Coulston

This is a kind of complex debt security containing a number of mortgages packaged together or sold as a investment. CMOs obtain cash flow as their borrowers repay mortgages that then act like a collateral for this kind of security. In turn, they distribute interest and principal payments to their investors according to their fixed agreement.

This is a kind of complex debt security containing a number of mortgages packaged together or sold as a investment. CMOs obtain cash flow as their borrowers repay mortgages that then act like a collateral for this kind of security. In turn, they distribute interest and principal payments to their investors according to their fixed agreement.

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Kevin Coulston

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