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How has Wall Street Changed Mortgage Investing?

April 26, 2017changed Investing mortgage wall street

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How has Wall Street Changed Mortgage Investing?

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• Sometimes mortgage investors want to buy a bond with very specific characteristics, for instance a bond with an interest rate that changes every month. Wall Street bond traders can buy mortgage loans and allocate the principal and interest to meet the needs of different mortgage investors. These bonds are called Collateralized Mortgage Obligations or CMOs.