Real Estate Mortgage Investment Conduit - REMIC

You’ve probably heard of mortgage-backed securities. Ever asked your parents where they com from? “Well, when one mortgage really loves another...”

Actually, it’s more like how single-called organisms emerged from primordial goo. A REMIC is the goo.

The real estate mortgage investment conduit is set up to collect mortgages and bundle them together as mortgage-backed securities. They are the petri dishes where the MBSs are born.