Financial and business terms. 2012.
REMIC — real estate mortgage investment conduit (REMIC) The name of a type of mortgage backed pass through security. REMICs can take many forms. REMICs are typically multiclass securities. Unlike simple, non REMIC CMOs, REMICs can separate mortgage pools … Financial and business terms
clean REMIC — See sequential pay REMIC. American Banker Glossary … Financial and business terms
real estate mortgage investment conduit — ( REMIC) The name of a type of mortgage backed pass through security. REMICs can take many forms. REMICs are typically multiclass securities. Unlike simple, non REMIC CMOs, REMICs can separate mortgage pools into different risk classes as well as … Financial and business terms
Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security … Wikipedia
residual — the pre agreed estimated value at the end of a leasing period of an item subject to a leasing agreement. Glossary of Business Terms (1) For sequential pay CMO structures, a residual tranche is the CMO tranche that receives the excess cash flow… … Financial and business terms
plain vanilla — Simple; not complex. Sometimes used to differentiate pass through MBS pools from CMO structures. More often used to mean sequential pay REMICs, the simplest REMIC structure. American Banker Glossary A term that refers to a relatively simple… … Financial and business terms
Collateralized mortgage obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
