Brodie Johnson accumulated over thirty-five years of investment
banking and CMO experience with Merrill Lynch and Bank of America. Today, he’s
pursuing personal investing strategy and enjoying semi-retired life. His peers
continue to hold him in high regard for helping
revitalize the CMO market in 2008.
Understanding CMOs
When Merrill Lynch’s Brodie Johnson revitalized the CMO market,
he did it by creating a new type of security following the financial collapse
in 2008.
The following three points will help deepen your understanding
of CMOs and the impressive feat that Mr. Johnson accomplished as CMO Director:
·
CMOs are
investment debt securities. They
consist of bundled mortgages, organized according to risk profile.
·
CMOs are
similar to collateralized debt obligations. However, they do not use as broad of a collection of debt obligations.
·
CMOs
ballooned in size around 2008. This
contributed to the financial collapse, but the issue has since resolved.
For more detail visit: https://www.behance.net/brodiejohnsonmer
