TagLenders

reverse redlining

reverse redlining  n.— «In a practice called “reverse redlining,” the lenders placed borrowers in targeted minority communities into loans they could not afford, later forcing them to go into foreclosure.» —“Memphis...

jingle mail

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...

jingle mail

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...