No-income, no-asset mortgages are back (at one lender, at least)

No-income, no-asset mortgages are back (at one lender, at least)
Back in the Wild, Wild West era of mortgage lending before the housing crisis, NINJA loans (loans given to borrowers with no income, no job, and no assets required) became quite the rage. NINJA loans have disappeared from the market, likely never to be seen again, but one lender is about to bring back a similar ghost of the mortgage market’s past: the NINA loan.
Source: https://www.housingwire.com/rss