REMIC

(redirected from Real Estate Mortgage Investment Conduit)
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AcronymDefinition
REMICReal Estate Mortgage Investment Conduit
REMICRenewable Energy in Maritime and Island Climates
References in periodicals archive ?
Mark Foley (R-Florida) and Earl Pomeroy (D-North Dakota) for the reintroduction of the Real Estate Mortgage Investment Conduit (REMIC) Modernization Act.
* All loans and real estate mortgage investment conduit regular interests owned (or considered to be owned) by the bank, regardless of whether the loan originated in the bank's business.
1272(a)(6) applies (certain interests in or mortgages held by a real estate mortgage investment conduit (RF-MIC), and certain other debt instruments with payments subject to acceleration) (Regs.
The exemption does not apply to (1) contingent interest of a type that is not portfolio interest or (2) an excess inclusion with respect to a real estate mortgage investment conduit (REMIC); these are subject to the U.S.
may tax an excess inclusion with respect to a real estate mortgage investment conduit at the nontreaty rate.(21)
It treats CMBSs as an additional line of business and has done three securitizations: a Real Estate Mortgage Investment Conduit (REMIC) for $550 million in 1996, a Financial Asset Securitization Investment Trust (FASIT) for $440 million in 1997 and another FASIT in 1998 for $150 million.
The FASIT provisions are elective miles intended to facilitate securitizations of nonmortgage assets in the same way that the real estate mortgage investment conduit (REMIC) legislation has spurred the growth of the market for mortgage-backed securities.
Nelson represents issuers, underwriters, government-sponsored enterprises, and credit-enhancers on the tax aspects of structured finance transactions, including structuring and documenting residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) in real estate mortgage investment conduits (REMIC); debt-for-tax and grantor trust structures; asset-backed securities (ABS); and collateralized loan obligations (CLO) for real estate investment trust (REIT) and non-REIT issuers.
Individuals who wish to invest in real estate without using real property as their investment medium have indirect investment alternatives in the form of real estate investment trusts (REIT) and real estate mortgage investment conduits (REMIC), and properly informed CPAs can educate potential investors on the nuances of these entities.
residential mortgage-backed securities (RMBS) and resecuritized real estate mortgage investment conduits (Re-REMICs), by conducting a three-step quantitative analysis and subjecting each rating to review by a surveillance committee, it did not do so.
They provide special rules for certain partnership payments; govern the treatment of certain capital loss carryforwards; and deal with the treatment of income and deductions from common trust funds, related to residual interests in real estate mortgage investment conduits (REMICs), and from certain notional principal contracts.
Creating a "default event," an event that can prompt a default, is imperative for securitized loans under the rules governing real estate mortgage investment conduits, known as REMICs, which are used to create CMBS loans.
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