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Redefault
Noun
Word Frequency:
13.8
Definitions
1.
Noun
A default on a mortgage which has already been modified due to borrower hardship
"The rate of redefaults has been rising."
Synonyms
foreclosure
forclosure
repayment mortgage
credit default option
paydown
credit event
defeasement
reverse mortgage
rollover
delinquency
risk
remortgage
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