Real Estate Mortgage Investment Conduits (REMIC)
A complex pool of mortgage securities created for the purpose of acquiring collateral. This base is then divided into varying classes of securities backed by mortgages with different maturities and coupons.

Investopedia Says:
As a synthetic investment vehicle, REMICs consist of a fixed pool of mortgages broken apart and marketed to investors as individual securities.

Related Terms:
Collateralized Mortgage Obligation - CMO
Coupon
Fannie Mae - Federal National Mortgage Association FNMA
Maturity
Mortgage
Mortgage Backed Securities - MBS
Residual Interest
Synthetic
To Be Announced - TBA

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