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Which of these statements regarding a real estate mortgage investment conduit ( REMIC ) is CORRECT? A REMIC is a self - liquidating, flow -

Which of these statements regarding a real estate mortgage investment conduit

(

REMIC

)

is CORRECT?

A REMIC is a self

-

liquidating, flow

-

through entity that invests exclusively in real estate mortgages or mortgage

-

backed securities

.

A REMIC terminates when the mortgages that constitute the investment of the REMIC are repaid.

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