twazzock n.— «All he can do is invite us to examine our responses to two statements: “Your son-in-law needs a loan,” versus “Your daughter’s boyfriend neads a loan.” According to Murray, “that’s the...
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)
have hair v. phr.— «The assets that bid include both nonperforming subprime and performing mortgages that Mr. Roth says “have hair on them.” (A loan that has “hair” has been kicked out because of underwriting or...
have hair v. phr.— «Mr. Miklos believes that “oftentimes some of the loans that are overlooked have hair.”» —“Small Balance Market Heats Up” National Mortgage News Feb. 20, 2006. (source: Double-Tongued...
hair on it v. phr.— «M&T Bank also said the investors who buy the bank’s mortgage debt are taking advantage of contractual clauses to force M&T to buy loans back, sometimes because of payment defaults. The bank set aside $6...
round trip transaction n.— «According to prosecutors, Stockman lied to banks about the firm’s financial condition, inducing them to loan the company money it couldn’t repay. He engaged in “round trip” transactions that...