Instrument Item: REMIC - Real Estate Mortgage Investment Conduits
Generated on 2014/06/19 at 04:58:12 AM
Instrument Item: REMIC - Real Estate Mortgage Investment Conduits
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| Description (HTML) | 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. |
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| Source Description | Investopedia | ||||||
| Source URL | http://www.investopedia.com/terms/r/real-estate-mortgage-investment-conduit-remic.asp | ||||||
| Document | No document attached... | ||||||
| Lifecycle - Exist Start Date | UNKNOWN | ||||||
| Lifecycle - Exist End Date | UNKNOWN | ||||||
| Item Quality Status (Item Quality Status) | Acceptable | ||||||
| Updated by | webea.09 | ||||||
| Updated on | 2014-05-13 15:42:20 | ||||||
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