CMOs are typically created from existing GNMA pass-through securities that are held in trust.

Name: CMOs are typically created from existing GNMA pass-through securities that are held in trust.
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CMOs, or collateralized mortgage obligations, are typically created from existing GNMA (Government National Mortgage Association) pass-through securities that are held in trust. These securities are pooled and then repackaged into new securities with different maturity and payment structures.

CMOs Are Typically Created from Existing GNMA Pass-Through Securities That