liar loan
liar loan noun: a mortgage loan for which the borrower made a statement of claimed income and assets which was not verified by the mortgage originator.
Noun
liar loan (plural liar loans)
- A mortgage loan for which the borrower made a statement of claimed income and assets which was not verified by the mortgage originator.
- “The underwriting standards declined,” said Anthony S. Piszel, Freddie Mac’s chief financial officer. “That was across the board.” / Those who made loans and expected to sell them quickly did not care much about assuring that the loans would be repaid. It turns out that the financial wizards who...2007 November 23, Floyd Norris, “A Bad Loan by Any Other Name”, in New York Times
- Synonyms:
- stated income loan
Synonyms of liar loan
Forms of liar loan
| plural | liar loans |
|---|
Questions about liar loan
- What does liar loan mean?
- Liar loan means a mortgage loan for which the borrower made a statement of claimed income and assets which was not verified by the mortgage originator.
- What part of speech is liar loan?
- Liar loan is a noun.
- What is the plural of liar loan?
- The plural of liar loan is liar loans.
Words near liar loan in the dictionary
Source and license
Adapted from Wiktionary: liar loan (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “liar loan.” Word.ws, https://word.ws/liar_loan. Based on Wiktionary, CC BY-SA 4.0.
