Community Seconds
Last updated 2026-08-01
Fannie Mae
Updated 2026-08-01
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 · pp. 7–9
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