liar’s loan

liar’s loan
 n.— «You rarely hear anything about individual borrowers who tell little white lies, the ones who obtain so-called “liar loans,” but they’re just as prevalent, if not more so. A young New Jersey couple, “the Deceivers,” said they intended to occupy the seaside house they were purchasing. When the mortgage insurance company checked, it found out they had bought the place strictly as an investment and were renting it out. So it kicked the loan back to the lender, and again, the lender called the loan due.» —“Mortgage Detectives Root Out Application Lies” by Lew Sichelman Oregonian (Portland, Oregon) Nov. 9, 1992. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Driver, Take the Bridge Over the D River

In addition to all those towns with extremely short names, there’s the river in Oregon with a similarly tiny appellation. It’s known simply as the D River. This is part of a complete episode.

Related

When Pigs Fly (episode #1571)

Don’t move my cheese! It’s a phrase middle managers use to talk about adapting to change in the workplace. Plus, the origin story of the name William, and why it’s Guillermo in Spanish. And a five-year-old poses a question that...