(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's.
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.
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.
And now our neighborhoods look awful as well.
by Abu Yahya April 5, 2010
Get the RMBSmug. Race Me Back
(A reference to the popular iphone game, "Bike Race", where friends can race each other online.)
(A reference to the popular iphone game, "Bike Race", where friends can race each other online.)
by TheBikeRaceGod November 19, 2013
Get the rmbmug. RMB Homie is an up-and-coming rapper based in Martinsburg, WV. He is best known from LBB Unalike song "Icebreaker" which was aired on 103.7 Miami Shaq Fu Radio. Shaq Fu Radio is owned by NBA Hall of Famer Shaq. In an hour "Icebreaker" received 20,000 streams topping Miami's radio station.
by King BW W May 7, 2020
Get the RMB Homiemug. An acronym for Gently Rub My Balls. Used when you want to tell someone in an instant message conversation or SMS message that they should go screw themselves.
by kweiner April 3, 2006
Get the G,RMBmug.
Get the RMBmug. RMB is stand for “remember me bitch” and is usually stated for a bitch that need to be remembered by another bitch
by BigDickCharles March 26, 2022
Get the Rmbmug. 