AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Collateralized mortgage obligations: are they suitable for public investors?
As an investor of public funds, you need to be aware of the effect of rising interest rates on the value of collateralized mortgage obligations or CMOs. These securities can experience more volatility than plain vanilla security types like Treasury notes and bonds. Investors holding CMOs in their portfolios may be in for a bumpy ride. CMOs can be complex and difficult to understand for investors who are accustomed to purchasing fixed-income securities with stated maturity dates. This article will describe what CMOs are and how they are issued, what makes these securities unique, and how to evaluate the various risks associated with CMOs.
WHAT ARE CMOs AND HOW ARE ...
- Ginnie Mae: a tale of two entities; The plummeting market share of Ginnie Mae...
- Magazine article from: Mortgage Banking Willis-Boyland, Anita April 1, 2005 700+ words
...off. The Government National Mortgage Association, or Ginnie Mae, played a...collateralized mortgage obligations (CMOs), shrank by 42.6 percent...split the Federal National Mortgage Association into the privately owned Fannie...
- MSRB instructs dealers selling municipal CMOs to proceed with caution....
- Magazine article from: The Bond Buyer Stamas, Vicky Hume, Lynn Stevens April 30, 1992 700+ words
...seven-, or 20-year tranches. CMOs typically are issued by government...such as the Government National Mortgage Association and the Federal National Mortgage...those securities and the underlying CMOs, several lawyers said. Municipal...
- CMOs: opportunity for the open-eyed. (collateralized mortgage obligations)...
- Magazine article from: ABA Banking Journal Cocheo, Steve September 1, 1991 700+ words
...don't carry. (See "Some basics about CMOS. ) Appeal of CMOS. In recent years, CMOs have grown more popular with both large...players in the market, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp...
- REDEMPTION FEATURE IS AN ATTRACTIVE PART OF CMOS
- Newspaper article from: Post-Tribune (IN) August 31, 1987 700+ words
...they be sold at any time? A: CMOs, or Collateralized Mortgage Obligations...certificates of the Government National Mortgage Association (GNMA) or the Federal National...interest declines, the price of CMOs will rise, and as interest rates...
- FITCH ISSUES NEW V-RATINGS ON $12.1 BILLION CMOs -- FITCH FINANCIAL WIRE --
- Press release article from: PR Newswire March 6, 1992 700+ words
...ON $12.1 BILLION CMOs -- FITCH FINANCIAL...the Federal National Mortgage Association's Series 91-99...by Fitch quarterly. CMOs, which account for...when buying new issue CMOs. Ratings of V1, V2...Federal National Mortgage Association ST: IN: FIN SU...
- Fannie, Freddie Enter the Fray: Banks, overseas investors slow purchase of...
- Magazine article from: Investment Dealers' Digest Rozens, Aleksandrs November 26, 2007 700+ words
...through securities. Investor demand for the CMOs has withered because many are unsure how...pumped out about $90 billion worth of CMOs each month. In September that dropped...liquidity premium there is much greater." "CMOs are less liquid," Andreas Pericli, chief...
- Fitch rates volatility of all stripped CMOs.(Fitch Investors Service Inc.,...
- Magazine article from: The Bond Buyer Heap, Peter September 12, 1995 700+ words
...The ranking system now covers all types of CMOs issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association as well as a large percentage of the private...
- Nuveen sells 'teams,' a.k.a. tax-exempt CMOs.(John Nuveen and Company Inc.,...
- Magazine article from: The Bond Buyer Heap, Peter April 11, 1995 700+ words
...over time," Johnston said. Taxable CMOs showed a similar trend, he added. Nuveen...rated because they have Federal National Mortgage Association or Government National Mortgage Association backing. The Jefferson Parish issue...
Source: HighBeam Research, Collateralized mortgage obligations: are they suitable for public...