Home » Dictionary » scratch and dent mortgage

scratch and dent mortgage

scratch and dent mortgage
 n.— «Hanover’s primary niche is buying “scratch and dent” mortgage portfolios that for one reason or another do not qualify for Fannie Mae or Freddie Mac.» —“Hanover Weathers REIT Storm” Insurance Regulator Nov. 23, 1998. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Beside Myself (episode #1535)

The new Downton Abbey movie is a luscious treat for fans of the public-television period piece, but how accurate is the script when it comes to the vocabulary of the early 20th century? It may be jarring to hear the word swag, but it was already at...

Truth and Beauty (episode #1499)

Malamute, kayak, and parka are just some of the words that have found their way into English from the language of indigenous people in northern climes. • In the 1970s, some scientists argued that two quarks should be called truth and beauty. • The...