liar's mortgage

noun

Definitions

  1. A stated-income (US) or self-certificated (UK) loan secured by a mortgage granted without…

    A stated-income (US) or self-certificated (UK) loan secured by a mortgage granted without the lender verifying information provided by the applicant as to financial or employment status.

The neighborhood

Vish — recursive loop

No curated loop yet for liar's mortgage. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA