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Real Estate/Development

Dec. 18, 2001

REMICS FOR DUMMIES

BY JAMES R. BUTLER JR. AND JEFFREY E. STEINER The collateralized mortgage-backed securities market has fundamentally changed the landscape in the United States for commercial real estate finance - the legal structure, ownership, management and rules of the game. Securitization also has altered forever the behavior of the participants and consequences that follow in the mortgage default dance.

        BY JAMES R. BUTLER JR. AND JEFFREY E. STEINER
        
        The collateralized mortgage-backed securities market has fundamentally changed the landscape in the United States for commercial real estate finance - the legal structure, ownership, management and rules of the game. Securitization also has altered forever the behavior of the par...

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