NONCONFORMING MORTGAGE
\nˌɒnkənfˈɔːmɪŋ mˈɔːɡɪd͡ʒ], \nˌɒnkənfˈɔːmɪŋ mˈɔːɡɪdʒ], \n_ˌɒ_n_k_ə_n_f_ˈɔː_m_ɪ_ŋ m_ˈɔː_ɡ_ɪ_dʒ]\
Sort: Oldest first
-
The ineligibility to sell this particular type of mortgage due to a failure to meet specific standards or requirements. These requirements are usually in the form of a credit check, collateral, maximum loan amount and other such factors.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"