Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- initialism US, finance Real Estate Mortgage Investment Conduit
Etymologies
Sorry, no etymologies found.
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Examples
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REMICs The details are mind-numbing, but masochists are invited to Google the word REMIC.
The Full Feed from HuffingtonPost.com Robert Kuttner 2012
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But when the REMIC is set up, no one knows which homes will default first.
Ellen Brown: Time to Break Up the Too-Big-to-Fail Banks? Ellen Brown 2010
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But when the REMIC is set up, no one knows which homes will default first.
Ellen Brown: Time to Break Up the Too-Big-to-Fail Banks? Ellen Brown 2010
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This allows them to qualify as a Real Estate Mortgage Investment Conduit ( "REMIC") rather than an ordinary Real Estate Investment Trust ( "REIT").
Ellen Brown: Time to Break Up the Too-Big-to-Fail Banks? Ellen Brown 2010
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This allows them to qualify as a Real Estate Mortgage Investment Conduit ( "REMIC") rather than an ordinary Real Estate Investment Trust ( "REIT").
Ellen Brown: Time to Break Up the Too-Big-to-Fail Banks? Ellen Brown 2010
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The channels for the securitization are tax free under a special type of law "REMIC", and in exchange for that the trusts have to be setup correctly from the get go.
Countrywide Never Sent Mortgages to Trust -- Seeking Alpha 2010
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A REMIC Trustee could never claim it owned a mortgage loan.
Ellen Brown: Time to Break Up the Too-Big-to-Fail Banks? Ellen Brown 2010
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To file as a REMIC, and in order to avoid one hundred percent
Ellen Brown: Time to Break Up the Too-Big-to-Fail Banks? Ellen Brown 2010
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The "Trustee" can not own the assets of the REMIC.
Ellen Brown: Time to Break Up the Too-Big-to-Fail Banks? Ellen Brown 2010
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The "Trustee" can not own the assets of the REMIC.
Ellen Brown: Time to Break Up the Too-Big-to-Fail Banks? Ellen Brown 2010
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