High-level Government National Mortgage Association officials say their long-awaited Real Estate Mortgage Investment Conduits will be available to investors by Jan. 1.

Remics have been enormously successful with secondary market investors -- Fannie Mae and Freddie Mac reported in excess of $300 billion and $475 billion, respectively, in 1992 outstanding volume. And Ginnie Mae, with its explicit federal government backing, figures it will have a competitive edge.

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