Defining Terms and Concepts for Medical Professionals
By Staff Reporters
A CMO is a debt security backed by mortgages. These mortgage pools are usually separated into different maturity classes called tranches (from the French word for “slice”). The securities were issued by private issuers, as well as the Federal Home Loan Mortgage Corporation (Freddie Mac). As the mortgages were usually government-guaranteed, CMOs usually carried AAA ratings until their current financial meltdown. The early versions of CMOs were known as “plain vanilla,” but recent developments gave us PACs (planned amortization certificates) and TACs (targeted amortization certificates); among too many others. They were all variations on how principal repayments in advance of maturity date were treated.
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Conclusion
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Filed under: "Ask-an-Advisor", Alternative Investments, Book Reviews, Career Development, Glossary Terms, iMBA, Inc., Investing, Recommended Books | Tagged: CMO, CMOs, collateralized mortgage obligations, david marcinko, Dictionary of Health Economics and Finance, Dictionay of Health Insurance and Managed Care, Federal Home Loan Mortgage, Freddie Mac, hope hetico, mortgages, PACS, planned amortization certificates, TACs, targeted amortization certificates, www.healthdictionaryseries.com |
















The timing of this post is eerie.
David Kellermann, CFO of Freddie Mac since September 2008, was found hanged in his basement, an apparent suicide. He left behind a wife and young child.
Link: http://www.msnbc.msn.com/id/30350095
Shane
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More on Mortgages
For years the banking cartels have been planning the greatest most massive Ponzi scheme in the world’s history.
Facilitated by the securitizations of mortgages, the creation of CDOs, MERS, etc and the intentional disablement of banking regulations, the banking cartels have finally obtained its objective of extracting all the wealth from Americas working middle class.
Doctors and their patients, financial advisors and their clients, are affected too!
Read more: http://www.americansunitedforjustice.org
Caire
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Freddie Mac Bets Against American Homeowners
A report by Jesse Eisinger, ProPublica and Chris Arnold, NPR News.
The taxpayer-owned mortgage giant made investments that profited if borrowers stayed stuck in high-interest loans while making it harder for them to get out of those loans.
http://www.propublica.org/article/freddy-mac-mortgage-eisinger-arnold
Trent
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