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Quotes of the day:
It is especially important to encourage unorthodox thinking when the situation is critical At such moments every new word and fresh thought is more precious than gold. Indeed, people must not be deprived of the right to think their own thoughts.
A NINJA loan is a slang term for a loan extended to a borrower with little or no attempt by the lender to verify the applicant’s ability to repay. It stands for no income, no job, and no assets. Whereas most lenders require loan applicants to provide evidence of a stable stream of income or sufficient collateral, a NINJA loan ignores that verification process.
The Big Short - Mortgage Brokers - NINJA Loans - No Income No Job
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