scratch and dent mortgage
n.— «Hanover’s primary niche is buying “scratch and dent” mortgage portfolios that for one reason or another do not qualify for Fannie Mae or Freddie Mac.» —“Hanover Weathers REIT Storm” Insurance Regulator Nov. 23, 1998. (source: Double-Tongued Dictionary)
Further reading
In 1916, a small-town newspaper in Pennsylvania printed a fanciful item about a local gathering with a guest list that included, among others, Miss Ella Vader, Mr. Ray Zor, and other punny names. This is part of a complete episode. Transcript of...
Our conversation about the phrase I beg your pardon reminded Patricia in Greenville, North Carolina, of a playground taunt from her childhood. If one kid said I beg your pardon, another would respond I grant your grace, I hope the cat will spit in...