Collateralized mortgage obligation definition

Collateralized mortgage obligation means a multiclass mortgage-related security.
Collateralized mortgage obligation means an asset-backed security that has cash flows originating directly or indirectly from underlying mortgage assets.
Collateralized mortgage obligation means an adjustable- or fixed-rate ---------------------------------- debt obligation (bond) that is collateralized by mortgage loans or mortgage certificates and issued by private institutions or issued or guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or the Government National Mortgage Association.

Examples of Collateralized mortgage obligation in a sentence

  • Collateralized mortgage obligation (MBS derivative with unique structured risk and return characteristics).

  • Collateralized mortgage obligation (CMO)--a multi-class bond issue collateralized by mortgages or mortgage-backed securities.

  • Collateralized mortgage obligation securities utilized in repurchase agreements must pass the Federal Financial Institutions Examination Council test or not exceed a volatility rating of V-5 by Fitch Investor Services, or a similar rating of a nationally recognized rating agency.

  • Collateralized mortgage obligation (CMO) means a multi-class pay-through bond representing a general obligation of issuer backed by mortgage collateral.

  • Collateralized mortgage obligation securities utilized in repurchase agreements must pass the Federal Financial Institutions Examination Council test or not exceed a volatility rating of V-5 by Fitch Investor Services, or a similar rating of a nationally recognized rating agency.Only securities authorized in statute for the investment of public funds are utilized in repurchase agreements.

  • Collateralized mortgage obligation (CMO) means a multi-class, pay-through bond representing a general obligation of the issuer backed by mortgage collateral.

  • Add new definitions for ‘‘ obligor’’,‘‘quoted market price’’ and ‘‘RUDE ratio’’.§ 704.2 Definitions.* * * * *Asset-backed security * * * This definition excludes mortgage related securities.* * * * *Collateralized mortgage obligation (CMO) means a multi-class mortgage related security.* * * * *Fair value means the amount at which an instrument could be exchanged in a current, arms-length transaction between willing parties, other than in a forced or liquidation sale.

  • A F ede ra l c r edi t un io n m ay i n ves t i n a r egis t e r ed i n ves tm e n t co m p any o r col-lec t ive i n ves tm e n t fun d, a s lo n g a s t h e p r ospec t u s of t h e co m p any o r fun d r e- s t r ic t s t h e i n ves tm e n t po r t folio t o i n- ves tm e n t s an d i n ves tm e n t t ran s a c t io n s t ha t ar e pe r m issible fo r F ede ra l c r edi t un io n s.( d) Collateralized mortgage obligation/ real estate mortgage in vestment conduit.

  • Securitisation is thus a financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations and selling said consolidated debt as bonds, pass-through securities, or Collateralized mortgage obligation (CMOs), to various investors.

  • Repricing Life Fixed rate Mortgage-backed $0.4 5.44% 5.3 $0.4 5.56% 4.9 Collateralized mortgage obligation 3.4 4.50% 4.0 4.4 4.53% 3.8 U.S. Treasury & agency .


More Definitions of Collateralized mortgage obligation

Collateralized mortgage obligation. (“CMO”) means a type of Securitized

Related to Collateralized mortgage obligation

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Debt Obligations means any debt obligations issued or guaranteed by the Government of Japan.

  • Unliquidated Obligations means, at any time, any Secured Obligations (or portion thereof) that are contingent in nature or unliquidated at such time, including any Secured Obligation that is: (i) an obligation to reimburse a bank for drawings not yet made under a letter of credit issued by it; (ii) any other obligation (including any guarantee) that is contingent in nature at such time; or (iii) an obligation to provide collateral to secure any of the foregoing types of obligations.