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2. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   Second mortgages, commonly referred to as junior liens, are loans secured by a property in addition to the primary mortgage. [1] [2] Depending on the time at which the second mortgage is originated, the loan can be structured as either a standalone second mortgage or piggyback second mortgage. [3]

3. What is a second mortgage, and how does it work? - AOL

   www.aol.com/finance/second-mortgage-does...

   If you have a home worth $300,000 and $200,000 remaining on your first mortgage, for instance, you might be able to borrow as much as $55,000 through a second mortgage: ($300,000 x 0.85) – $200,000.

4. How to refinance when you have a second mortgage - AOL

   www.aol.com/finance/refinance-second-mortgage...

   Typically, your primary lender has the first claim if you default on your mortgage, with the second mortgage lender having the second claim. If you refinance your primary mortgage, ...

5. What Happened When I Defaulted on My Mortgage - AOL

   www.aol.com/finance/happened-defaulted-mortgage...

   A mortgage default sounds scary, but what exactly is it? "To default on your mortgage generally means you cease making your mortgage payments," said Carole LeVar, director of real estate lending at...

6. Subprime crisis background information - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_background...

   Mortgage defaults and provisions for future defaults caused profits at the 8533 USA depository institutions insured by the FDIC to decline from $35.2 billion in 2006 Q4 billion to $646 million in the same quarter a year later, a decline of 98%. 2007 Q4 saw the worst bank and thrift quarterly performance since 1990. In all of 2007, insured ...

7. Subprime crisis impact timeline - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_impact...

   The bank's announcement is the first of many credit-loss and write-down announcements by banks, mortgage lenders and other institutional investors, as subprime assets went bad, due to defaults by subprime mortgage payers. [155]