jingle mail n.— «I have heard about isolated cases of “jingle mail,” where homeowners have mailed in the keys because they can’t make the payments and no longer have any equity in their homes. That phrase was a prominent feature of the S&L bust and...
jingle mail n. building or house keys sent by mail and unexpectedly received by a mortgage-issuer from someone who can no longer make mortgage payments and chooses to relinquish control of a property. (source: Double-Tongued Dictionary)
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 to their banks or...
jingle mail n.— «Kosciuszko said the mortgage insurance industry coined the term “jingle mail” because homeowners whose mortgages were worth far more than their homes literally mailed their house keys in to lenders.» —“Haunted by debt” by Pamela...
jingle mail n.— «In the great Southern California bust of the early 1990s, real estate legend holds, many defaulting homeowners mailed their keys back to the lenders, in effect washing their hands of the whole matter, and promptly left town. Thus...
