(FINANCE) real estate mortgage backed securities; usually used to refer to the derivatives created by Fannie Mae
and Freddie Mac
that were used to create collateralized debt obligations CDO
Most economists seem to agree that the 2008 crisis was caused by the collapse of the real estate market, which was mainly caused by the toxic relationship between RMBS's and the CDO's created mostly with them.
For almost eighty years the RMBS business helped people buy homes, with few serious problems. Then Congress abolished Glass-Steagall
, the banks merged and created CDO's, and total disaster followed.
And now our neighborhoods look awful as well.
Acronym for RUB. MY. BEARD.
I RMB all day because I am so Raven!
rememeber , not to forget
remember me or forgot
Race Me Back
(A reference to the popular iphone game, "Bike Race", where friends can race each other online.)
"Hey, you haven't rmb in a while."
"When you get a chance, rmb"
Acronym for Ring My Bell
To show that you are delighted, pleased, or glad over a particular action that someone did to/for you; to be excited by something.
Past Tense: Rang My Bell
"OMG RMB that boy is HOT!"
"Jen, your cookies just RMB"
Stands for: Red Mystery Box, in the PlayFish Game, PET SOCIETY.
It's worth 50 coins, and is commonly used in various trading forums, for buying the cheapest items.
For Sale: 5 Black Ducks At 4 RMBs Each!