Real Estate Mortgage Investment Conduit - REMIC

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Dictionary Says

Definition of '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.
Investopedia Says

Investopedia explains 'Real Estate Mortgage Investment Conduit - REMIC'

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.

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Related Definitions

  1. Mortgage-Backed Security (MBS)

    A type of ...

  2. MBS Pool Number

    A number or ...

  3. Collateralized Mortgage Obligation - CMO

    A type of ...

  4. Special Purpose Vehicle/Entity - SPV/SPE

    1. Also referred ...

  5. Securitize

    A pooled group ...

  6. Real Estate Settlement Procedures ...

    This act was ...

  7. Secondary Mortgage Market ...

    An act passed in ...

  8. Interest Rate

    The amount ...

  9. Agency Bond

    A bond issued by ...

  10. Convertible Arbitrage

    An investing ...

Articles Of Interest

  1. Profit From Mortgage Debt With MBS

    Mortgage-backed securities can offer monthly income, a fixed interest rate and even government backing.

  2. Behind The Scenes Of Your Mortgage

    Four major players slice and dice your mortgage in the secondary market.

  3. Why Are Mortgage Rates Increasing?

    Learn how the secondary mortgage market and investor demand affect the cost of home ownership.

  4. These Financial Products Are Too Complex For The Average Joe

    Structured financial products are so elaborate that investors are unable to assess costs and risk.

  5. Collateralized Debt Obligations: From Boon To Burden

    CDOs were to be Wall Street's boon - instead they went bust. Find out what went wrong.

  6. Who bears the risk of bad debts in securitization?

  7. What is the difference between a CMO and a CBO?

  8. This Is Your Brain On Stocks

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  9. Should You Invest Your Entire Portfolio In Stocks?

    It is true that stocks outperform bonds and cash in the long run, but that statistic doesn't tell the whole story.

  10. 5 Tips For Diversifying Your Portfolio

    A diversified portfolio will protect you in a tough market. Get some solid tips here!
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