Series 24: Collateralized Mortgage Obligations (CMOs)

Taken from our Series 24 Online Guide

Collateralized Mortgage Obligations (CMOs)

CMOs are highly risky debt instruments backed by a pool of mortgage pass-through securities or mortgage loans. All advertisements, sales literature, and correspondence concerning CMOs:

• Must include in the name of the offered product the term “collateralized mortgage obligation”
• May not compare CMOs to any other investment vehicle
• Must disclose that a government agency backing applies only to the face

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Collateralized Mortgage Obligations (CMOs), you might also be interested in:

Series 79 - Modified or Superseded Documents (Rule 412)

Series 66 - Income Earned Within an Estate Account

Series 50 - Exercise

Series 24 - Cooling-off Period

Series 99 - 2.3.2 Custody and Control of Securities

SIE - Exercise

Series 79 - 8.3.1. Permitted Oral Communications

Series 63 - 4.5. Fraud

Series 82 - 3.6. Reports and Recordkeeping

Series 53 - Chapter 5 Practice Question Answers

Series 63 - Chapter 5 Practice Questions

Series 3 - 5.2.1. Straddles

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I had tried another learning system before Solomon and walked into the Series 24 unprepared and subsequently failed. After using the Solomon system for three weeks, taking full advantage of the app on my cell phone I walked into my second attempt very prepared for the type of questions I was going to see. Not only did I pass, I did so with confidence. Thanks so much Solomon!

Steven Eisner, Penn Mutual/HTK, Hauppauge, NY

Recently passed the Series 24 Exam. I owe it to the Solomon Exam Prep series. The format of study and testing preparation was easy to follow and comprehend. I had taken the exam before and used study material through a different provider. It did not give me the sense of readiness in the "connection of the dots" and time-management like the Solomon series did. Such a relief to see the word PASS.

Hope Brackin, Cambridge Investment Research, Inc., Auburn, AL

Taking the Series 24 class with Karen Solomon this week helped reinforce the data that I learned, and I passed my exam! The material was thorough and the exam simulator was an excellent tool to test your knowledge. Thank you Karen!

Karen Lessard, Concorde Investment Service Frisco, TX

I used Solomon to study for the 26 and most recently the 24. The material is layered in way that makes it manageable to digest and the instructor response time and explanations are outstanding. I passed both on the first attempt!

Gus Velleco, Allstate, Charleston, SC

I recently passed my Series 24 using Solomon Exam Prep! It was the hardest exam I've taken to date. I found all the practice exams with specific feedback to be the most helpful, though the audiobook was very helpful as well.

Diane Pouliot, RBC, Minneapolis, MN

I tried studying on my own using materials from another vendor, which was super wordy and lengthy. After much frustration, I looked for new study materials and discovered Solomon. It is concise, clear and presented well. The subject area quizzes and practice exams were unlimited and very helpful. Six weeks later I passed the Series 24 with an 85! I would not hesitate to use Solomon again, should the need arise.

Yasmeen M.