second mortgages
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Second mortgage — A second mortgage typically refers to a secured loan (or mortgage) that is subordinate to another loan against the same property. In real estate, a property can have multiple loans or liens against it. The loan which is registered with county or… … Wikipedia
Second Mortgage — A type of subordinate mortgage made while an original mortgage is still in effect. In the event of default, the original mortgage would receive all proceeds from the liquidation of the property until it is all paid off. Since the second mortgage… … Investment dictionary
mortgages — Houses are expensive to buy and few people have enough money of their own. Most people have to take out a mortgage, a type of loan. In Britain people usually get a mortgage from a bank or a building society; in the US they get one from a bank or… … Universalium
second mortgage — A mortgage taken out on a property that is already mortgaged. Second and subsequent mortgages can often be used to raise money from a finance house (but not a commercial bank or building society) if the value of the property has increased… … Big dictionary of business and management
Silent Second Mortgage — A secondary mortgage placed on an asset that is not disclosed to the lender of the original loan. Silent second mortgages are used when a purchaser can t afford the down payment required by the initial mortgage. The mortgage is silent because the … Investment dictionary
Expert systems for mortgages — An expert system for mortgages is a computer program that contains the knowledge and analytical skills of human experts, related to mortgage banking. Loan departments are interested in expert systems for mortgages because of the growing cost of… … Wikipedia
Subprime mortgage crisis — Part of a series on: Late 2000s financial crisis Major dimensions … Wikipedia
Late-2000s financial crisis — The TED spread (in red) increased significantly during the financial crisis, reflecting an increase in perceived credit risk … Wikipedia
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
Super jumbo mortgage — A Super Jumbo Mortgage is classified as a residential mortgage or other home equity secured loan in an amount greater than $650,000, although lenders differ on just what constitutes a super jumbo mortgage subject to their own internal investment… … Wikipedia
