For Real Estate Mortgage Investment Conduit (REMIC) we have terms and definitions in 6 topics. The topics are Accounting, Accounting Terms, Derivatives, Finance, Mortgage and Real Estate.

Real Estate Mortgage Investment Conduit (Remic) (Accounting)

An entity that holds a fixed pool of mortgages and issues multiple classes of interest s in itself to investors. A qualified REMIC is generally taxed like a partnership, unless it takes contributions after its start up day or engages in a prohibited transaction.

Real Estate Mortgage Investment Conduit (Remic) (Accounting Terms)

An entity that holds a fixed pool of mortgages and issues multiple classes of interest s in itself to investors. A qualified REMIC is generally taxed like a partnership, unless it takes contributions after its start up day or engages in a prohibited transaction.

Real Estate Mortgage Investment Conduit (Remic) (Derivatives)

A relatively new vehicle for passing the cash flows from a portfolio of mortgages and MBS's through to holders of REMIC certificates. The REMIC legislation took effect on 1/1/87. Since REMICs appear, new issues of CMOs have nearly disappeared.

Real Estate Mortgage Investment Conduit (Remic) (Finance)

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 vehicle created under the Tax Reform Act of 1986.

Real Estate Mortgage Investment Conduit (Remic) (Mortgage)

A security that represents a beneficial interest in a trust having multiple classes of securities. The securities of each class entitle investors to cash flows structured differently from the payments on the underlying mortgages.

Real Estate Mortgage Investment Conduit (Remic) (Real Estate)

A tax entity that issues multiple classes of investor interests (securities) backed by a pool of mortgages. (See securitization)

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