Another $500 million of collateralized mortgage obligations were also offered.

Securities dealers offered $700 million of collateralized mortgage obligations yesterday.

But they are buying the securities, known as collateralized mortgage obligations.

The lure of collateralized mortgage obligations for individuals is relatively new.

The ratings are not, in and of themselves, enough to understand the risk of any particular collateralized mortgage obligation.

As an alternative, the new securities could be offered with multiple classes like collateralized mortgage obligations.

Within the bond area, there was strength across the board, but several managers singled out funds that invest in mortgage obligations.

They borrowed even more money in order to purchase homes whose cost was much greater than their ability to meet their mortgage obligations.

Many of those securities, in turn, have been used as backing for collateralized mortgage obligations.

They were sold collateralized mortgage obligations and now claim not to have understood the risks.