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  • noun Alternative spelling of NINJA loan.


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  • No Income, No Job or Assets. See land of the liar-loan.

    September 8, 2007

  • "Some of the mortgages, called "liar loans," require almost no documentation of a borrower's ability to pay. The most infamous breed is known among mortgage brokers as the "Ninja" loan, short for "no income, no job or assets."

    - The New York Times, September 9, 2007

    September 29, 2007