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Investing Glossary:
CMO REIT
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| A very risky Type of Real Estate Investment Trust investing in the residual Cash flows of Collateralized Mortgage Obligation (CMOs). CMO cash_flows are derived from the difference between the rates paid by the mortgage Loan holders and the lower, shorter-term rates paid to CMO investors.
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