jingle mail

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

"Theres 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.

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Look at other dictionaries:

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  • Jingle Mail — A situation where a homeowner mails his or her house keys to a mortgage lender due to an inability to meet mortgage payment obligations and a lack of equity in the property. If a homeowner is upside down in a mortgage and feels the entire loan is …   Investment dictionary

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