Mortgage Backed Securities

Compare and contrast the three major types of mortgage backed securities: 1. Pass Through Security 2. Collateralized Mortgage Obligation or CMO 3. Mortgage Backed Bond How are they created/origin" rel="nofollow">inated, where are they traded (primary or secondary markets), where do the prin" rel="nofollow">incipal and in" rel="nofollow">interest payments come from and how are they distributed to in" rel="nofollow">investors, and explain" rel="nofollow">in any guarantees-implied or explicit.