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Delinquent mortgage
A mortgage that involves a borrower who is behind on payments. If the borrower cannot bring the payments up to date within a specified number of days, the lender may begin foreclosure proceedings.
Related Terms
Collection
Forfeiture
Forbearance
Alternative mortgage
Rehabilitation mortgage
Purchase-money mortgage
Fully amortized adjustable-rate mortgage
Biweekly mortgage
Blanket mortgage
First mortgage
Buy-down mortgage
Convertible adjustable-rate mortgage
Growing-equity mortgage
Assumable mortgage
Freddie Mac
Fannie Mae
Impounds
Mortgage life insurance
Two-step mortgage
Mortgage broker
Multifamily mortgage
Graduated-payment mortgage (GPM)
Mortgage insurance
Wraparound mortgage
Truth-in-Lending Act
Life cap
Margin
Federal Home Loan Mortgage Corporation law
Subordinate loan
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