jingle mail n.— «When the recession of the early 1990s hit, many owners of converted apartments in the Boston area, and especially those who had purchased them as investments, resorted to “jingle mail”—sending condo-unit keys...
marshal lockout n.— «The REO Realtors often have to go with marshals to what’s called a “marshal lockout,” where the inhabitants of a house refuse to leave until they’re forced out by armed officers.» —“Foreclosures as...
liar’s loan n.— «Over half of subprime mortgages are stated-income loans, loans which the industry often refers to as “liars loans.” The question is, who’s lying? According to a survey of over 2,000 mortgage brokers, 43% of...