Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

REMIC

Read a random definition: Chief Justice of the United States

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.