Real Estate Mortgage Investment Conduit (Remic) at Real Estate Glossary

What is it? A tax entity that issues multiple classes of investor interests (securities) backed by a pool of mortgages. (See securitization)

Real Estate Definition Added By: Zoe

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Real Estate Term Truth-in-Lending Act is A federal law that protects consumers in a variety of ways. One of its key provisions allows a consumer to cancel a home-improvement loan, second mortgage or other loan if the home was pledged as security (except for a first mortgage or first trust deed) until midnight of the third business day after the contract was signed.

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