Series 26: Collateralized Mortgage Obligations (CMOs)

Taken from our Series 26 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 government agency backin

Since you're reading about Series 26: Collateralized Mortgage Obligations (CMOs), you might also be interested in:

Solomon Exam Prep Study Materials for the Series 26
Please Enable Javascript
to view this content!