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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