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LSDefine

Simple English definitions for legal terms

REMIC

Read a random definition: procurator in rem suam

A quick definition of REMIC:

Term: REMIC

Definition: REMIC stands for Real Estate Mortgage Investment Conduit. It is a type of investment that allows people to invest in a pool of mortgages. This means that instead of buying one mortgage, you can buy a share of many mortgages. It is a way for people to invest in real estate without actually owning property.

A more thorough explanation:

Definition: REMIC (pronounced rem-ik or ree-mik) is an abbreviation for Real Estate Mortgage Investment Conduit. It is a type of investment vehicle that allows investors to pool together mortgages and issue securities backed by those mortgages.

Example: A bank may create a REMIC by pooling together a group of mortgages and selling securities backed by those mortgages to investors. The investors receive payments based on the interest and principal payments made by the homeowners whose mortgages are included in the pool.

Explanation: The example illustrates how a REMIC works by showing how mortgages are pooled together and used to create securities that are sold to investors. The investors receive payments based on the performance of the underlying mortgages, which can provide a steady stream of income. REMICs are often used by banks and other financial institutions to manage their mortgage portfolios and generate additional revenue.

réméré | remissio injuriae

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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