Series 7 Exam: What the hell is a CMO?

For the series 7 exam, You will need a basic understanding of mortgage back securities otherwise known as CMOs. The series 7 exams will ask you questions on this.
2nd attempt to upload !!

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0:00 Intro
0:18 Mock Mortgage Exercise
4:00 Banks selling mortgage
6:20 Pass through certificate
8:45 Risks
12:00 FNMA & Freddie
13:00 CMO
19:40 PAC (Planned Amortization Class)
21:00 TAC (Targeted Amortization Class)
22:10 CDO