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First collateralized mortgage obligation issued

1983 · importance 2/5 · ai_extracted

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The Ascent of Money whole source · open book
The first issue of this new kind of mortgage-backed security (known as a collateralized mortgage obligation) happened in June 1983.

chapter: 5: Safe as Houses

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Start date (EDTF) 1983 End date (EDTF, empty for a point event)

1914 · 1914-07-28 · -0489 (490 BCE) · 1930~ (circa) · 19XX (century) · 197X (decade)

Location Importance (1 minor to 5 pivotal)

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