Real Estate Mortgage Investment Conduits - REMIC

Real Estate Mortgage Investment Conduits - REMIC
A complex pool of mortgage securities created for the purpose of acquiring collateral. This base is then divided into varying classes of securities backed by mortgages with different maturities and coupons.

As a synthetic investment vehicle, REMICs consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • 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… …   Investment dictionary

  • 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

  • Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • Financial Asset Securitization Investment Trust - FASIT — A financing tool that allows for the securitization of non mortgage assets and usually involves debt obligations with short maturities such as credit card receivables, home equity loans and car loans. Financial Asset Securitization Investment… …   Investment dictionary

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