This definition appears very rarely
and is found in the following Acronym Finder categories:
See other meanings of SSL
We have 270 other definitions for SSL
in our Acronym Attic
Samples in periodicals archive:
In a piggyback scenario, the borrower takes a first mortgage equivalent to 80 percent of the purchase price, and a simultaneous second lien that substitutes for a down payment.
The first mortgage is sized to meet loan-limit and LTV requirements for sale in the secondary mortgage market without private mortgage insurance [MI], while the simultaneous second lien enables the borrower to receive a larger loan with a smaller down payment.
Fitch has revised its loss expectations and downgrade methodology for 2006 subprime RMBS to reflect the higher default risk associated with the stated income loans, simultaneous second liens and hybrid ARMs, resulting in a higher average lifetime expected loss (EL) projection of approximately 10%.