Can you explain why “Traditional CMOs are generally AAA rated” is an incorrect answer when in the explanation it states, “Typical CMOs built from agency-issued-pass-through certificates are AAA rated due to federal backing.” Does that not mean the same thing?
1 Like
Hi @Teemoto3 - thanks for pointing this out. It’s a typo on our end, and I’m working to update the question right now. Traditional CMOs (CMOs issued by the agencies) are highly rated, some as high as AAA. That’s a good generality to keep in mind.
Thanks again!
1 Like