Series 22: 1.2.1.3. Real Estate Mortgage Investment Conduits (REMICs)

Taken from our Series 22 Top-off Online Guide

1.2.1.3.  Real Estate Mortgage Investment Conduits (REMICs)

A real estate mortgage investment conduit (REMIC) is a type of mortgage-backed security that can issue multiple classes of ownership interests to investors, each carrying different levels of risk. To understand what a REMIC is, we must first understand the concept of a mortgage-backed security.

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