Real Estate Mortgage Investment Conduit - REMIC
- Real Estate Mortgage Investment Conduit - REMIC
- A special purpose vehicle (SPV) that is used to pool mortgage loans and issue mortgage-backed securities (MBS). Real estate mortgage investment conduits (REMIC) hold commercial and residential mortgages in trust, and issue interests in these mortgages to investors.
Similar to collateralized mortgage obligations (CMOs), REMICs piece together mortgages into pools based on risk, and issue bonds or other securities to investors. These securities then trade on the secondary mortgage market.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
real estate mortgage investment conduit — ( REMIC) The name of a type of mortgage backed pass through security. REMICs can take many forms. REMICs are typically multiclass securities. Unlike simple, non REMIC CMOs, REMICs can separate mortgage pools into different risk classes as well as … Financial and business terms
real estate mortgage investment conduit — real estate mortgage investment con·duit / kän ˌdü ət, ˌdyü / n: remic Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. real … Law dictionary
Real Estate Mortgage Investment Conduit — ( REMIC) A pass through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass through certificates, bonds, or other legal forms. A financing… … Financial and business terms
Real Estate Mortgage Investment Conduit — Real Estate Mortgage Investment Conduits, or REMICs, are a type of special purpose vehicle used for the pooling of mortgage loans and issuance of mortgage backed securities. They are defined under the United States Internal Revenue Code (Tax… … Wikipedia
REMIC — real estate mortgage investment conduit (REMIC) The name of a type of mortgage backed pass through security. REMICs can take many forms. REMICs are typically multiclass securities. Unlike simple, non REMIC CMOs, REMICs can separate mortgage pools … Financial and business terms
REMIC — REM·IC / re mik/ n [r eal e state m ortgage i nvestment c onduit]: an entity (as a corporation, partnership, or trust) that functions as a vehicle for investment in mortgage obligations and esp. collateralized mortgage obligations and receives… … Law dictionary
Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security … Wikipedia
REMIC — Real Estate Mortgage Investment Conduit (Business » Firms) … Abbreviations dictionary
REMIC — real estate mortgage investment conduit проводник инвестиций в недвижимость, компания, специализирующаяся на инвестициях в недвижимость ( США) … Финансово-инвестиционный толковый словарь
REMIC — A Real Estate Mortgage Investment Conduit created by the 1986 Tax Reform Act for years beginning in 1987 providing a special tax vehicle for organizations that issue to investors different classes of interests which are backed by a pool of… … Black's law dictionary
