REMICs are most like

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REMICs (Real Estate Mortgage Investment Conduits) are a type of collateralized mortgage obligation (CMO) that allows investors to invest in mortgage-backed securities. CMOs are structured to offer different levels of risk and return to investors based on the cash flows from underlying mortgage loans. Ginnie Mae and Freddie Mac pass-through securities are not structured in the same way as REMICs because they do not offer different classes of securities with different levels of risk and return. Participation certificates, while having some similarities, are not structured in the same way as REMICs.

REMICs Are Most Like