babymoon n.— «AT 20 weeks pregnant, Courtney Monardo, a 40-year-old processor for a mortgage company in Scottsdale, Ariz., was—to quote Madeleine Kahn in “Blazing Saddles”—“so tired.”…First on the agenda was an in-room ice cream...
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...
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...
wrap-around mortgage adj.— «Featured topics will be equity participation, the wrap-around mortgage, and the techniques of investment in income-producing property.» —“Mortgage Bankers Meeting to Be Held Here...