Real Estate Mortgage Investment Conduit (REMIC)
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.
Nearby TermsReal estate broker Real Estate Investment Trust (REIT) Real Estate Mortgage Investment Conduit (REMIC) Real exchange rates Real gain or loss
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University