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

• Drop
• Drop Lock
• Drought Sale
• Dry Loan
• Dry Powder
• Dual Apper
• Dual Class Stock
• Dual Currency Deposit
• Dual Currency Issue
• Dual Exchange Rate
• Dual Income, No Kids (DINKS)
• Dual Income, No Kids (DINKS)
• Dual Index Mortgage
• Dual Listing
• Dually Employed With Kids (DEWKS)
• Dually Employed With Kids (DEWKS)
• Dual Purpose Fund
• Dual Rate Income Tax
• Dual Trading
• Due Bill
• Due Bill Period
• Due Diligence (DD)
• Due Diligence Meeting
• Due-On-Sale Clause
• Dumbbell