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A NINJA loan is a slang term for a loan extended to a borrower with "no income, no job and no assets." NINJA loans have largely ceased to exist in the U.S. due to tighter lending standards put in.

What Is a NINA Mortgage? – Budgeting Money – Applying for a mortgage can take time because you have to scour your home to find copies of your tax returns, pay slips, bank statements and even your 401k account summary. NINA or No Income and No Asset verification loans are streamlined mortgage products on which lenders bypass much of the traditional underwriting.

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Subprime loan financial definition of subprime loan – Subprime Loan A loan that is made at a higher interest rate than most other loans. Subprime loans are made to borrowers who do not qualify for ordinary loans because of bad credit history or some other reason. There is a higher risk of default on subprime loans. Their prevalence was a significant factor.

Loan | Definition of Loan at – Loan definition, the act of lending; a grant of the temporary use of something: the loan of a book. See more.

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NINA loan Definition – – NINA loan: read the definition of NINA loan and 8,000+ other financial and investing terms in the Financial Glossary.

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