Collateralized Mortgage Obligations, or CMOs, are a type of mortgage-backed security. Thousands of individual mortgages are pooled together into classes, or tranches, and categorized by their risk ...
This note provides an update to “Collateralized Transactions: Key Considerations for Public Lenders and Borrowers” prepared by the IMF and the World Bank (2020) in response to a request from the G20 ...