Collateralized Mortgage Obligations. Relates to the stripping of the cash flows produced by the underlying mortgage instrument(s). The stripped cash flows are then reallocated to multiple classes with different maturities and payment priorities.
Collateralized Mortgage Obligations. Relates to the stripping of the cash flows produced by the underlying mortgage instrument(s). The stripped cash flows are then reallocated to multiple classes with different maturities and payment priorities.