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Quotes of the day:
Love cannot endure indifference. It needs to be wanted. Like a lamp, it needs to be fed out of the oil of another\'s heart, or its flame burns low.
A real estate mortgage investment conduit (REMIC) is a complex pool of mortgage securities created to acquire investment income for its creators and investors. REMICs consist of a fixed pool of mortgages broken apart into tranches, repackaged, and marketed to investors as individual securities. In this way, the fall into the category of being a manufactured or synthetic investment vehicle. A tranche is merely a grouping of debt or securities by the underlying characteristics of the individual units.
Mortgage REMIC Conduits 1
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