second mortgage

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second mortgage

n.
A mortgage taken out on property that already has one mortgage, with priority in settlement of claims given to the earlier mortgage.

second mortgage

n
(Banking & Finance) a mortgage incurred after a first mortgage and having second claim against the security
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.second mortgage - a mortgage that is subordinate to a first mortgage
mortgage - a conditional conveyance of property as security for the repayment of a loan
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21 /PRNewswire/ -- Experian Consumer Direct, a leading provider of online direct-to-consumer credit reports, scores and monitoring, today announced the results of a nationwide study showing the differences between consumers with and without mortgages and consumers with and without second mortgages (including home-equity loans or lines of credit).
7 million in first mortgages plus $22 million in second mortgages and lines of credit.
As a leader in the next generation of mortgage lending, Greenlight Financial Services originates first and second mortgages, as well as equity lines of credit.
Radian estimates that American homeowners could have saved billions of dollars in 2002 by using Radian Lien Protection in lieu of traditional title insurance for refinancings, second mortgages and home equity loans.
Since close, the pool has less B notes, second mortgages and mezzanine debt (44.
In recent years, it has also begun to insure purchase money second mortgages made simultaneously with the first mortgage, especially the popular 80-10-10 product, in which a first mortgage whose loan-to-value ratio is 80% is accompanied by a 10% second mortgage and a 10% down payment.
MN loans secured by certain second mortgages on real property are made by Nationstar Mortgage Industrial Loan Corporation.
Radian Lien Protection simplifies and shortens the time required to close refinances, second mortgages and home equity loans, reducing title fees by more than 50 percent.
Secured Funding, a full-service retail and wholesale lender specializing in second mortgages, has relocated its wholesale division in response to the record growth Secured Funding has realized over the last year.
1 million in second mortgages and lines of credit Edward Howe III, Managing Director of the NCB New York office, made the announcement.
34x based on the combined maximum annual debt service of both the first and second mortgages.
today announced that it will handle interim subservicing for Americorp Credit Corporation's first mortgages and closed-end second mortgages.