Search results for 'jingle':

Jingle Mail (noun) : A term describing homeowners mailing in their keys to their lender due to an inability to make their payment and lack of equity to sell the home and pay off the obligation.

Lenders have seen an increase in jingle mail due to rate adjustments and declining property values —Les Christie, CNN Money, 2/6/2008

Submitted by: Lane Strandberg from Minnesota on Feb. 11, 2008 16:17

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