In the third and fourth quarters of 2010, a robo-signing scandal emerged in the
Investment dictionary. Academic. 2012.
robo-signer — n. A person who signs a legal document without reading it or understanding the document s contents. Also: robosigner. Example Citations: Joining her were Michael Redman, whose foreclosure blog drew the White House into the controversy, and Thomas … New words
robocall — n. An automated phone call that plays a recorded message. Also: robo call. Example Citations: Obama also recorded an automated robocall to urge Massachusetts voters to support the Democrat, and he cut a Web video with the same message. Janet Hook … New words
Employees — boomerang boreout bozo explosion brain waste career coach casualization clockless worker corporat … New words
Law and Order — avoision brain fingerprinting browsewrap click wrap copicide copyfighter copyfraud copyleft … New words
People — 99er adultescent agritourist alpha earner alpha geek alpha girl alpha pup altruistic donor … New words
appraisal mill — n. An unscrupulous company that provides misleading or erroneous appraisals, particularly for real estate. Example Citations: Still, some experts say the system needs an overhaul, from the appraisal mills and mortgage mills that started the… … New words
foreclosure mill — n. A law firm that processes foreclosures perfunctorily and without due process. Example Citations: The Florida Attorney General s Office calls these firms foreclosure mills because of the large volume of cases they handle. Critics say the firms… … New words
homedebtor — n. A homeowner with an extremely large mortgage, particularly one that he or she is unlikely to ever pay off. Example Citations: In these places, accepting a government bailout that pays them, say, 90 percent of the value of the house to keep… … New words
jingle mail — n. The practice of abandoning one s house and mailing the keys back to the creditor because the mortgage is worth more than the house itself. jingle mailer n. Example Citations: Making it harder for people to discharge their credit card debts has … New words
liar loan — n. A loan or mortgage provided without requiring documentation from the borrower. Example Citations: Last year almost forty per cent of subprime borrowers were able to get liar loans mortgages that borrowers can get simply by stating their income … New words
