NYC Residential Mortgage Insurance Company (REMIC)

Remic New York City Residential Mortgage Insurance Corporation (REMIC) In existence since 1973 and a subsidiary of HDC since 1993, REMIC aides the creation of new affordable housing by offering banks and other financial institutions a means to insure residential mortgages. The absence of this credit enhancement would prohibit the construction of some affordable housing developments. REMIC By-Laws REMIC By-Laws