NINA loan – Wiktionary – The NINA loan is the basis for the apocryphal "NINJA" loan that is often used as an example of excesses in the boom-era mortgage market. ninja supposedly stood for "no-income, no job, no assets," but no such loan ever existed. Also, the NINA code, which did exist, did not signify a loan to a borrower with no income.
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What is a SIVA (stated income-verified assets) loan? – SIVA, SISA and NINA are common stated income loan programs mostly used by people with good credit who cannot document properly the fact that they can.
No-Doc, NINA & NINJA mortgage loans – Mobile Mortgage News – No-Doc, NINA & NINJA mortgage loans are all mortgage loans chiefly associated with borrowing money the United States. On this page, we will therefore focus.
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What is a NINJA loan? – loans.org – The word ninja is a nickname for a loan product available during the subprime market of the early 2000's. Ninja loans are another name for NINA which stands.
What is NINA LOAN? definition of NINA LOAN (Black's Law. – What is NINA LOAN? A borrower avoids disclosing income and personal assets with this specific reduced documentation mortgage loan. This mortgage type typically has an interest rate higher than market. To secure the loan, employment is verified.