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Real Estate Mortgage Investment Conduits - REMIC

   Also found in: Wikipedia 0.01 sec.
Real Estate Mortgage Investment Conduits - REMIC
A complex pool of mortgage securities created for the purpose of acquiring collateral. This base is then divided into varying classes of securities backed by mortgages with different maturities and coupons.

Notes:
As a synthetic investment vehicle, REMICs consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities.
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