Real estate mortgage investment conduit, Financial Accounting

Real Estate Mortgage Investment Conduit (REMIC) - An entity which holds a fixed pool of mortgages and issues multiple classes of interest in itself to investors. A qualified REMIC is normally taxed such as a partnership, unless it takes contributions after its start-up day or engages in a prohibited transaction.

Posted Date: 8/17/2013 6:30:57 AM | Location : United States

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