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chattel mortgage |
a mortgage on personal property, esp. movable property. |
deficiency judgment |
a judicial decision in favor of a creditor for that part of a debt not satisfied by the debtor, esp. following the foreclosure and sale of a mortgage property. |
encumbrance |
a lien, mortgage, or other financial claim upon property. [1/2 definitions] |
Fannie Mae |
Federal National Mortgage Association; FNMA. |
FNMA |
abbreviation of "Federal National Mortgage Association;" Fannie Mae. |
foreclose |
to take away the right to redeem (a mortgage) or to take that right away from (the mortgagor), esp. for failure to make timely payments. [2/4 definitions] |
Ginnie Mae |
(informal) the Government National Mortgage Association, a Federal agency that buys mortgages in quantity from lenders and then, by offering securities to the public, sells interests in them. [1/2 definitions] |
GNMA |
abbreviation of "Government National Mortgage Association," a Federal agency that buys mortgages in quantity from lenders and then, by offering securities to the public, sells interests in them; Ginnie Mae. |
mortgage |
to transfer a claim to (property) with a mortgage agreement; pledge. [1/3 definitions] |
second mortgage |
a mortgage on property on which there is already one mortgage, the first taking precedence over the second in the case of a claim. |
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