Agency CMO definition
Agency CMO means an Agency Residential Mortgage-Backed Security identified in the market as a collateralized mortgage obligation or CMO.
Agency CMO means U.S. Dollar-denominated collateralized mortgage obligations of fixed maturity with a rating classification of Aaa by M▇▇▇▇’▇ and AAA by S&P (in the event of a split rating, the lower rating shall apply) and issued directly by or guaranteed by FNMA, FHLMC or G▇▇▇▇▇ Mae which (i) is a senior tranche security ranking pari passu with the highest debt class for payment priority in the issuance and (ii) is listed as a pac, sequential, scheduled or support obligation on Bloomberg or Intex or successor listing service excluding interest only or principal only stripped securities and securities representing residual interest on mortgage pools. 95% */ The Valuation Percentage shall be determined by the Valuation Agent from time to time and in its sole discretion.