RMBS 

(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.

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.

RMBS by Abu Yahya April 5, 2010

RMBS 

An abbreviation for, “retarded Melissa bullshit syndrome.” Often used to describe an individual who behaves in an obscene manner and sees absolutely no issue with.

Girl: do you think it’s weird that my husband is upset me for hanging out with an ex boyfriend for the night? I think it’s weird!

Guy: no I don’t think it’s weird you might just have rmbs.

RMBS by Thedyingrepublic August 29, 2025