Investment Commentary

Marosi, James
September 2005
Grand Rapids Business Journal;9/12/2005, Vol. 23 Issue 38, p24
Provides information on Collateralized Mortgage Obligations (CMO), a myriad investment vehicle available on the market, which belongs to a family of investments known as mortgage-backed securities. Circumstance in which a mortgage-backed security is created; Government agencies and government-sponsored enterprises responsible for the issuance of the CMO; Manner in which homeowners could pay off their debt earlier than the loan's full term; Factors that determine the yield and average life of a CMO.


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