scratch and dent loan n. a loan or mortgage that has become a risky debt investment, especially one secured with minimal documentation or made by a borrower who has missed payments. (source: Double-Tongued Dictionary)
tote a note v. phr. to finance a loan; in automobile sales, used attributively to connote dealer-financed loans for used cars. (source: Double-Tongued Dictionary)
conso-loan n.— «All members of the Government Service Insurance System (GSIS) may now avail of the new GSIS loan procedure known as consolidated salary loan otherwise known as conso-loan.» —“Gov’t personnel now enjoy GSIS conso...
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...