Author Archives: Barbara Campbell

Household Debt Exceeds $ 90,000

  The average debt for American households is now more than $ 90,000, according to a recent survey. The study from the personal finance website NerdWallet, entitled “The 2015 US Debt Study for American Households,” found that the average American household with debts has $ 15, 762 only for card cards and an unimaginable debt

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What Is the Difference between a Collateralized Debt and Obligations?

  A collateralized mortgage obligation, or CMO, is a form of mortgage-backed security (MBS) issued by a lender that handles residential mortgages. A collateralized debt obligation, or CDO, is sometimes supported by home mortgage-based securities, but it can also be supported by commercial mortgage-backed securities, bonds, bank loans, or just about any other financial instrument.

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