Real Estate Mortgage Investment Conduit - REMIC

外汇网2021-06-19 20:55:05 124

A special purpose vehicle (SPV) that is used to pool mortgage loans and issue mortgage-backed securities (抵押贷款支持债券). 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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