Second mortgage lending

Second mortgage lending

Loans secured by real estate previously pledged in a first mortgage.
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References in periodicals archive ?
We proceeded to start our second mortgage lending brokerage in 1989.
In the Fox Business segment above, Ryley discusses with anchor Brian Sullivan, who moderates The Real Deal's annual forum, how local and state housing finance authorities have recently ramped up their second mortgage lending programs to provide borrowers with 3 to 5 percent of the loan value.
I would recommend to this committee that during the course of their deliberations they solicit information from creditors active in second mortgage lending to determine how the proposed legislation might affect the availability of credit.
There has also been some discussion about parity between first and second mortgage lending in New Jersey, requiring only one license for first and second mortgage lending.