Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Second Mortgage (or subordinate lien mortgage loan)
Fannie Mae
Updated 10-31-2026
Second Mortgage (or subordinate lien mortgage loan)
A mortgage loan that has a lien position subordinate to the first mortgage. Also called subordinate lien mortgage loan.
Fannie Mae Glossary of Terms
Fannie Mae · p. 44
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