This type of loan can make the most sense for waiters, self-employed individuals, and other professionals whose sources of income are difficult to verify or consistently document.

NINA loans are also known as No Doc mortgages. However, an actual No Doc loan does not require the borrower to prove their employment status. [5][2][3], This article is about people and fictitious entities named "Nina". Nina is a predominantly east European and Slavic name used in various African and Eurasian nations, as …

As a result, many homebuyers who took out NINA mortgages in the mid-late 2000’s wound up defaulting on their loans. In some circumstances, a borrower may be enticed to use a NINA loan to obtain a mortgage which is outside of their income's reach. c. 2550 BC – 2500 BC), Iraqi king, This page was last edited on 1 October 2020, at 05:41.

Niña definition: a female given name, Russian form of Anna | Meaning, pronunciation, translations and examples A liar loan is a type of approval for a mortgage that requires little or no documentation to prove the income of the borrower. What Is The Difference Between “It’s” And “Its”? NINA loans played a role in the subprime mortgage crisis. The lending organization’s CFO, Anthony S. Piszel, cited the issue as a result of lowered underwriting standards “across the board.”, Investopedia uses cookies to provide you with a great user experience. Nina, Nína and Niná are feminine given names with various origins. A borrower should never be persuaded by a lender or mortgage broker to use a NINA loan to obtain a mortgage if they will not reasonably be able to repay. © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins What is a No Income / No Asset Mortgage (NINA), BREAKING DOWN No Income / No Asset Mortgage (NINA), No Income/No Asset Mortgages vs. NINJA loans, Homeowner Affordability And Stability Plan or HASP.

“Karen” vs. “Becky” vs. “Stacy”: How Different Are These Slang Terms? Nina is a predominantly east European and Slavic name[1] used in various African and Eurasian nations, as well as in Oceania and North America.

Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012. one of the three ships under the command of Columbus when he made his first voyage of discovery to America in 1492. one of the three ships commanded by Columbus in 1492.

For other uses, see, Learn how and when to remove this template message, Nina Douglas-Hamilton, Duchess of Hamilton, Cecilia Bowes-Lyon, Countess of Strathmore and Kinghorne, https://en.wikipedia.org/w/index.php?title=Nina_(name)&oldid=981249957, Pages using sidebar with the child parameter, Wikipedia articles needing copy edit from September 2020, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, ^indicates a given name article above (surname may have alternate derivations), Nina, former ring name of Lisa Mary Moretti, who has also been known as, Nina M. Davies, published under the co-pen name N. de Garis Davies (1881–1965), Scottish egyptologist, Nina, a character in the Disney Junior television series, Nina Ash, from the American television series, Nina Azarova, from the American webseries, ‘’, Nina Caliente, from the life simulation video games, Nina Pickering, werewolf from the TV series, Nina Price, also known as Vampire by Night, a Marvel Comics character, Nina Rosario, A resident in the Barrio from Broadway Play, Nina Thumbell, the daughter of Thumbelina from the Mattel franchise, Nina Vorhees, nickname of Nitia Vorhees, from, Nina Williams, alternate name of Nene Williams, from, Nina Sergeevna Krilova, former KGB officer in, Nina Zenik, a character in the six of crows duology, Nina Salazar-Roberts, a main character in the Disney+ TV series, High School Musical: The Musical: The Series, Nina from You Were Never Really Here, film by Lynne Ramsay, Ur-Nina (fl.

NINJA loans have become less frequent in the wake of the 2008 financial crisis, as the government implemented new regulations to improve standard lending practices. With this type of loan, the bank approves the mortgage based solely on the borrower’s credit score. 10 Types Of Nouns Used In The English Language.

No Income / No Asset mortgages are a type of reduced documentation mortgage program where the lender does not require the borrower to disclose income or assets as part of loan calculations. La Niña is a weather pattern that occurs in the Pacific Ocean. Also, more traditional mortgages are reasonably available at a lower interest rate. Nina's international variants serve as a short form of Anna. Nina, Nína and Niná are feminine given names with various origins. As reported by the New York Times in November 2007, Freddie Mac announced it was marking down the value of its recently issued loans by a total of $1.2 billion.

This mark-down was partly due to borrowers having failed to make payments on their NINA loans. The slang term NINJA loan applies to credit extended to a borrower with no income, no job, and no assets.

La Nina is considered to be the counterpart to El Nino, which is characterized by unusually warm ocean temperatures in the equatorial region of the Pacific Ocean. Spanish for "little girl," La Niña is the name given to the large-scale cooling of sea surface temperatures across the central and equatorial Pacific Ocean.It is one part of the larger and naturally occurring ocean-atmosphere phenomenon known as the El Niño/Southern Oscillation or ENSO (pronounced "en-so") cycle. Learn about this weather pattern. Nína is an Icelandic name used in Iceland,[2] and Niná is a Sami name used in Northern Norway, northern Sweden, northern Finland and the Murmansk Oblast. The Home Possible mortgage program from Freddie Mac allows low and moderate income borrowers to buy a home with a down payment as low as 3%. La Niña is a weather pattern that begins in the Pacific Ocean. What Is The Difference Between “Furlough” vs. “Layoff”? Go ahead, test your mental legerity to see how many words you remember from last month! By using Investopedia, you accept our. La Nina is a weather pattern defined by the cooling of waters off the tropical west coast of South America. Nina has meaning in several other languages: (Hebrew: God was gracious, God has shown favor); (Persian: nice); (Hindi: beautiful); (Swahili: mother); (Native American: strong);[4] (Arabic: friend); (Greek: flower). La Warm ocean water and clouds move west during a La Niña.

The Homeowner Affordability and Stability Plan is a 2009 program created to stabilize the U.S. economy. La Niña, cyclic counterpart to El Niño, consisting of a cooling of surface waters of the Pacific Ocean along the western coast of South America.

While its local effects on weather and climate are generally the opposite of those associated with El Niño, its global effects can be more complex. niña translation in Spanish - English Reverso dictionary, see also 'niña bonita',ninfa',niñada',niñato', examples, definition, conjugation Information and translations of NINA in the most comprehensive dictionary definitions resource on the web. 2008 April 1, Ilan Caron, “Guardian Cryptic Crossword No.

“Affect” vs. “Effect”: Use The Correct Word Every Time.