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Investing Glossary:
Real Estate Mortgage Investment Conduit (REMIC)
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Real Estate Mortgage Investment Conduit (REMIC)
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| Definition: |
| A pass-through tax entity that can Hold mortgages secured by any Type of Real property and can Issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other LEGAL forms. A financing vehicle created under the Tax Reform Act of 1986.
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