REMICs were created in order to avoid taxes:

Name: REMICs were created in order to avoid taxes:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

REMICs (Real Estate Mortgage Investment Conduits) were created in order to avoid taxes at the entity level. By qualifying as a REMIC, the issuer of mortgage-backed securities can avoid paying taxes on the income generated by those securities at the corporate level. However, investors in REMICs are still responsible for paying taxes on the income they receive from these securities.

REMICs Were Created in Order to Avoid Taxes