Residual Interest
A type of interest payment received by investors in a real estate mortgage investment conduit (REMIC).

Investopedia Says:
Investors receive interest payments after all required regular interest has been paid to investors within higher priority tranches. Residual interest functions much like common shares in that preferred shareholders receive all required dividends before any amount remaining is divided among common shareholders.

Related Terms:
Fannie Mae - Federal National Mortgage Association - FNMA
Mortgage
Real Estate Mortgage Investment Conduits - REMIC
Residual Interest Bonds - RIBS
Tranches

• Salary Reduction Simplified Employee Pension Plan (SARSEP)
• Sale
• Sale and Repurchase Agreement (SRA)
• Sale and Repurchase Agreement (SRA)
• Sales And Purchase Agreement (SPA)
• Sales And Purchase Agreement (SPA)
• Sales Charge
• Sales Per Share
• Sales Tax
• Sales to Cash Flow Ratio
• Sallie Mae (Student Loan Marketing Association)
• Salomon Brothers World Equity Index (SBWEI)
• Salomon Brothers World Equity Index (SBWEI)
• Salvage Value
• Same-Day Substitution
• Same Property Rule
• Same Store Sales
• Sample
• Sample Selection Bias
• Sampling
• Sampling Error
• Samurai Bond
• Sandbag
• Sandwich Generation
• Sanku (Three Gaps) Pattern