How much money is a REM?

A REM, or "real estate Mortgage Investment Conduit," is not a specific amount of money but rather a type of investment vehicle that allows for the pooling of mortgage loans to be sold as securities. The value of a REM can vary widely based on the underlying assets, current market conditions, and the specific financial structure of the conduit. Therefore, it doesn't represent a fixed sum but rather a means to invest in real estate mortgages.