REMIC

Definition

Real Estate Mortgage Investment Conduit. An investment-grade mortgage bond that separates mortgage pools into different maturity and risk classes.

Use REMIC in a sentence

Any time you will be purchasing a new property you should make sure you are doing things within the REMIC.

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I wanted to know what the remic was so I went to my friend who had been working in real estate for a long time.

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The REMIC strategy we were using was stellar because we wanted to organize our real estate investments optimally and exactly.

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financial asset securitization investment trust (FASIT) tranche