Home Ownership by Country
Real Estate Mortgage Investment Conduit (REMIC)
What is ‘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.
Explaining ‘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.
Further Reading
- Springing real estate mortgage investment conduit – patents.google.com [PDF]
- REMIC Tax Enforcement as Financial Market Regulator – heinonline.org [PDF]
- Collateralized Mortgage Obligations [2] – search.proquest.com [PDF]
- New rules of engagement for workouts: REMICs & distressed real estate loans – go.gale.com [PDF]
- The commercial real estate bubble – heinonline.org [PDF]
- Real Estate Mortgage Investment Conduits: Mortgage Vehicles – search.proquest.com [PDF]
- The effect of Real Estate Mortgage Investment Conduit regulations and standard pooling & servicing agreements on commercial mortgage backed security work out … – dspace.mit.edu [PDF]
- Lodging real estate finance: Securitization – digitalcommons.fiu.edu [PDF]
- Once a Failed REMIC, Never a REMIC – papers.ssrn.com [PDF]
