HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Lending&Credit » payment power

Payment Power

Definition
A Fannie Mae program that permits a borrower to miss a maximum of two mortgage payments during a 12-month period, and up to a maximum of ten skipped payments during the loan's life.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.