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jingle mail

noun

Definitions

  1. The practice of posting one's house keys back to the mortgage company because of negative…

    The practice of posting one's house keys back to the mortgage company because of negative equity or inability to pay mortgage investments.

    • "There's going to be a lot of jingle mail this winter," Barnes says of owners who will simply pop their house keys in the mail in lieu of a mortgage check.
    • However, all four states have had the most overheated mortgage markets and reportedly the highest incidence of jingle mail.
    • Nouriel Roubini, one of Wall Street's most pessimistic seers, worries that the "forthcoming jingle-mail tsunami" could spawn $1 trillion-2 trillion of financial losses, creating a systemic banking crisis.

The neighborhood

Vish — recursive loop

No curated loop yet for jingle mail. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA