CMOs are ownership claims on conventional mortgages held by Freddie Mac and are issued as twenty-year securities.

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CMOs (Collateralized Mortgage Obligations) are not specifically ownership claims on conventional mortgages held by Freddie Mac. They are complex financial products that are secured by a pool of mortgage-backed securities, including those issued by agencies like Freddie Mac, but they can also include other types of mortgages. Additionally, CMOs can have varying maturities, not limited to twenty years.

CMOs Are Ownership Claims on Conventional Mortgages Held by Freddie