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REMICReal Estate Mortgage Investment Conduit
REMICRenewable Energy in Maritime and Island Climates
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Fannie Mae's CAS program is the most actively traded credit risk transfer product in the market, and the new CAS REMIC structure marks the continued evolution of the CAS program.
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.
As is often the case with tax benefits, however, Congress created a burden in exchange for the tax benefits that it extended to REMICs. To qualify, a REMIC must follow the tightly regulated structure that Congress prescribed.
A REMIC is a "real estate mortgage investment conduit." In general, a REMIC is a fixed pool of real estate mortgages that issues multiple classes of securities backed by the mortgages and that has elected to be taxed as a REMIC.
Department of Treasury issued highly anticipated final guidance for commercial mortgage loans held by a Real Estate Mortgage Investment Conduit (REMIC).
The lender, an REMIC trust, placed the winning bid at the auction.
There may be many classes of REMIC regular interests, that is, REMIC bonds, but only one class of residual interest.
Andy Remic, author of the acclaimed novel Solaris, will be sharing his experiences with the Birmingham Science Fiction Group at 7.45pm at the Britannia Hotel, New Street.
A Real Estate Mortgage Investment Conduit (REMIC) is a limited-life, self-liquidating entity that invests exclusively in real estate mortgages or in securities backed by real estate mortgages.
The pools are transferred to a single-purpose entity (a real estate mortgage investment company, or REMIC) that issues bonds, or CMBSs, backed by the pooled mortgages.
For its first deal, in early 1994, the firm was the sole manager for a $500 million Federal National Mortgage Association mortgage-backed security, called a REMIC.
We might have concluded the MTM balance sheet should show neither the REMIC puts, since their value is negligible, nor the REMICs themselves, since Freddie Mac will receive no future cash flows from them.