An obligation bond that combines the cash flow from a pool of mortgages and uses the revenue to repay investors their mortgage principal and interest; the MCFO does not hold a lien on the properties but is required by contract to meet its obligations.
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A type of pay-through unsecured general obligation bond that has several classes. Mortgage cash flow obligations (MCFOs) use cash flow from a pool of ...
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Definition of mortgage cash flow obligation (MCFO): An obligation bond that combines the cash flow from a pool of mortgages and uses the revenue to repay ...
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Mortgage Cash Flow Obligation Multiclass paythrough bond, similar to a Collateralized Mortgage Obligation (CM), and is an unsecured general obligation .
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Mortgage cash flow obligation bond that has several classes. MCFOs use cash flow from a pool of mortgages that generate revenue to repay investors their ...
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