Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Community Seconds
Fannie Mae
Updated 10-31-2026
Community Seconds
A subsidized second mortgage typically made by a federal, state, or local government agency, a nonprofit organization, a regional Federal Home Loan Bank under one of its affordable housing programs, a federally recognized Native American tribe and its sovereign instrumentalities, or an employer.
Fannie Mae Glossary of Terms
Fannie Mae · p. 7
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