Glossary of Key Acronyms

ARM adjustable-rate mortgage

CBO Congressional Budget Office

CDO Collateralized debt obligation—a form of structured mortgage-backed security backed by lower-rated pieces of existing structured securities

CMO collateralized mortgage obligation

FASB Financial Accounting Standards Board—a private organization that sets accounting standards and defines generally accepted accounting principles (GAAP)

FDIC Federal Deposit Insurance Corporation—the federal agency that guarantees the deposits of member banks

FHFA Federal Housing Finance Agency

GAAP Generally accepted accounting principles

GAO Formerly General Accounting Office, now Government Accountability Office

GSE Government-sponsored enterprise—a term frequently used to ...

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