Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun finance A mortgage loan to a borrower with no verified or stated income or assets.
- noun A mortgage loan to a borrower with no income or assets.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
From a coding system for classifying loans to be securitized, in which N indicated "no verification", I "income", and A "assets". Other letters used were S "stated by borrower, unverifed" and V "verified".
Support
Help support Wordnik (and make this page ad-free) by adopting the word NINA loan.
Examples
Sorry, no example sentences found.
Comments
Log in or sign up to get involved in the conversation. It's quick and easy.