REMIC definition: Copy, customize, and use instantly
Introduction
The term "REMIC" (Real Estate Mortgage Investment Conduit) refers to a type of investment vehicle primarily used for holding and managing mortgage loans, including residential and commercial mortgages. REMICs offer tax advantages by allowing the income generated from the mortgage loans to pass through to the investors without being taxed at the entity level. They are structured to provide various classes of securities with different payment priorities and risk profiles.
Below are various examples of how "REMIC" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "REMIC" for tax-advantaged investment vehicle
This definition ties "REMIC" to its role as a tax-advantaged investment vehicle that holds mortgage loans.
"REMIC" means a special purpose entity created to pool mortgage loans and issue multiple classes of securities, which pass income from the underlying loans to investors, and are structured to qualify for favorable tax treatment under the Internal Revenue Code.
Definition of "REMIC" for residential mortgage securities
This definition connects "REMIC" to its use in pooling residential mortgage loans for investment purposes.
"REMIC" refers to a legal entity established to pool a large number of residential mortgage loans into a trust, which then issues various classes of mortgage-backed securities to investors.
Definition of "REMIC" for commercial mortgage pools
This definition links "REMIC" to the pooling of commercial real estate loans.
"REMIC" means an investment vehicle created for the purpose of pooling commercial mortgage loans and issuing debt securities backed by the underlying mortgages, with payments to investors based on the cash flows generated by the mortgages.
Definition of "REMIC" for mortgage-backed securities issuance
This definition ties "REMIC" to the issuance of mortgage-backed securities (MBS).
"REMIC" refers to a tax-efficient investment structure that holds a pool of mortgage loans and issues mortgage-backed securities (MBS) to investors, offering different levels of risk and return based on the classes of securities issued.
Definition of "REMIC" for structured finance
This definition connects "REMIC" to its role in structured finance, offering customized risk profiles to investors.
"REMIC" means a structured finance vehicle designed to hold a portfolio of mortgage loans and issue securities backed by the cash flow from these loans, allowing investors to select securities with varying levels of risk and return.
Definition of "REMIC" for pass-through entity
This definition links "REMIC" to its role as a pass-through entity for income generated by mortgage loans.
"REMIC" refers to an entity that holds a pool of mortgage loans and passes the income generated from these loans directly to investors, avoiding taxation at the entity level, and distributing income based on the terms of the securities.
Definition of "REMIC" for compliance with Internal Revenue Code
This definition ties "REMIC" to its compliance with the Internal Revenue Code to maintain tax-exempt status.
"REMIC" means a conduit entity formed under the Internal Revenue Code that qualifies for special tax treatment by pooling mortgages and issuing interests to investors, provided the structure meets certain requirements outlined by the Code.
Definition of "REMIC" for mortgage loan securitization
This definition connects "REMIC" to mortgage loan securitization, where mortgage-backed securities are issued to investors.
"REMIC" refers to a trust that holds mortgage loans and issues mortgage-backed securities to investors, allowing for the securitization of these loans and the sale of interest in the pool of mortgages.
Definition of "REMIC" for investor participation in mortgage pools
This definition links "REMIC" to investor participation in a pool of mortgage loans through securities issuance.
"REMIC" means an investment vehicle that allows investors to participate in a pool of mortgages through the purchase of securities that are backed by the underlying mortgage loans in the pool.
Definition of "REMIC" for asset-backed security issuance
This definition ties "REMIC" to the issuance of asset-backed securities, which are backed by mortgage loans.
"REMIC" refers to a special-purpose entity formed to pool mortgage loans and issue asset-backed securities, distributing payments to investors based on the income generated by the underlying mortgage assets.
Definition of "REMIC" for collateralized mortgage obligations (CMOs)
This definition connects "REMIC" to the creation of collateralized mortgage obligations (CMOs).
"REMIC" means a type of special-purpose vehicle used to issue collateralized mortgage obligations (CMOs), where the underlying mortgage loans generate cash flows that are distributed to investors according to their security class.
Definition of "REMIC" for tax-efficient mortgage pools
This definition ties "REMIC" to the efficiency of mortgage pools in terms of tax advantages.
"REMIC" refers to a tax-efficient vehicle that pools mortgage loans and issues interests to investors, passing through income generated by the loans without being taxed at the entity level.
Definition of "REMIC" for income distribution from mortgages
This definition links "REMIC" to its role in distributing income from mortgage loans to investors.
"REMIC" means an entity established to hold a pool of mortgage loans, which then distributes the income generated from these loans to investors according to the terms of the issued securities.
Definition of "REMIC" for special-purpose entities
This definition connects "REMIC" to its role as a special-purpose entity in mortgage-backed securities transactions.
"REMIC" refers to a special-purpose entity designed to hold mortgage loans and issue securities, structured to qualify for tax benefits and meet requirements under the Internal Revenue Code.
Definition of "REMIC" for mortgage loan pooling and tranching
This definition ties "REMIC" to the process of pooling and tranching mortgage loans to create different risk profiles for investors.
"REMIC" means a financial structure used to pool mortgage loans and tranche the resulting securities into different classes, each with distinct levels of risk and return, which are then sold to investors.
Definition of "REMIC" for real estate mortgage conduit
This definition connects "REMIC" to its role as a conduit for real estate mortgages.
"REMIC" refers to a real estate mortgage conduit that holds a pool of mortgage loans and issues securities backed by these loans, allowing investors to receive payments based on the cash flows from the underlying mortgages.
Definition of "REMIC" for residential mortgage loan securitization
This definition ties "REMIC" to residential mortgage loan securitization, where residential loans are pooled and securitized.
"REMIC" means an entity that pools residential mortgage loans and issues securities backed by the cash flows from these loans, which are then sold to investors.
Definition of "REMIC" for commercial real estate mortgage securitization
This definition links "REMIC" to the securitization of commercial real estate mortgages.
"REMIC" refers to a structure that pools commercial real estate mortgages and issues securities backed by the loans, allowing for the securitization of commercial properties and investment opportunities for investors.
Definition of "REMIC" for multiple classes of securities
This definition connects "REMIC" to the issuance of multiple classes of securities based on mortgage loan pools.
"REMIC" means an entity that issues multiple classes of securities, each with different risk profiles, derived from the underlying pool of mortgage loans.
Definition of "REMIC" for mortgage loan servicing
This definition ties "REMIC" to its role in the servicing of mortgage loans, which are pooled and securitized.
"REMIC" refers to a vehicle that pools mortgage loans and is responsible for managing the servicing of the underlying loans, ensuring that payments are made and distributed to investors.
Definition of "REMIC" for securitization of mortgage assets
This definition connects "REMIC" to the broader process of securitizing mortgage assets.
"REMIC" means an entity that facilitates the securitization of mortgage loans, pooling these assets and issuing securities backed by the cash flows from the loans to investors.
Definition of "REMIC" for asset management
This definition ties "REMIC" to its role in asset management of mortgage-backed securities.
"REMIC" refers to a vehicle that actively manages a pool of mortgage loans and issues securities to investors based on the returns generated by the underlying mortgages.
Definition of "REMIC" for investor securities in mortgage pools
This definition connects "REMIC" to the issuance of securities to investors in a mortgage pool.
"REMIC" means a special-purpose entity that issues securities backed by a pool of mortgage loans, offering investors the opportunity to invest in mortgage-backed securities with varying degrees of risk and return.
Definition of "REMIC" for tax-advantaged conduit structure
This definition links "REMIC" to its use as a tax-advantaged conduit for mortgage-backed securities.
"REMIC" refers to a tax-advantaged conduit structure that facilitates the pooling of mortgage loans and the issuance of securities backed by the loans, providing tax benefits to investors.
Definition of "REMIC" for structured mortgage-backed securities
This definition ties "REMIC" to the structured issuance of mortgage-backed securities.
"REMIC" means an entity that structures and issues mortgage-backed securities, pooling mortgage loans and creating securities with different levels of seniority and risk for sale to investors.
Definition of "REMIC" for mortgage loan trust
This definition connects "REMIC" to its role as a trust for holding mortgage loans.
"REMIC" refers to a trust that holds a portfolio of mortgage loans and issues securities based on the income generated from these loans, allowing for investor participation in the mortgage market.
Definition of "REMIC" for real estate investment conduit
This definition links "REMIC" to its role as a conduit for real estate investments.
"REMIC" means a real estate investment conduit that holds a pool of mortgage loans, issuing securities to investors backed by the cash flow from the underlying loans.
Definition of "REMIC" for issuing tranches with different risk levels
This definition ties "REMIC" to the issuance of tranches that offer varying levels of risk and return to investors.
"REMIC" refers to a structure that issues mortgage-backed securities in different tranches, each offering a distinct level of risk and return based on the underlying mortgage loans.
Definition of "REMIC" for regulatory compliance in mortgage-backed securities
This definition connects "REMIC" to compliance with regulations governing mortgage-backed securities.
"REMIC" means an entity that complies with regulatory requirements for mortgage-backed securities, pooling mortgages and issuing securities that meet legal and tax-related standards for investor protection.
Definition of "REMIC" for credit enhancements
This definition links "REMIC" to the use of credit enhancements in securing mortgage-backed securities.
"REMIC" refers to a structure that may incorporate credit enhancements, such as insurance or guarantees, to improve the credit rating and security of the mortgage-backed securities issued to investors.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.