Collateralized Mortgage Obligations (CMO) Bond Investment
The Collateralized Mortgage Obligations bond investor is able to buy and sell directly from David Lerner Associates, one of the major Collateralized Mortgage Obligation bond firms in the New York tri-state area.
*CMOs that are backed by GNMA, FNMA or FHLMC.
The market value of a CMO is largely affected by interest rates including mortgage interest rates and prepayment rates of principal. Changes in both can have positive or negative effects on the value of a CMO. A rise in interest rates will usually cause the value of existing CMOs to drop and a decrease in interest rates will usually cause the value of existing CMOs to rise.
Click here for a Collateralized Mortgage Obligations Glossary.
Click here for a "CMO Questions to Ask" form.
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The best way to find out about what we do is to make an appointment with one of our investment counselors.