Word.ws English Dictionary

NINA loan

NINA loan noun: a mortgage loan to a borrower with no verified or stated income or assets.

Noun

NINA loan (plural NINA loans)

  1. A mortgage loan to a borrower with no verified or stated income or assets.
    • Low and no-documentation mortgages. Known as "NINAa" (no income, no asset verification) in the trade, these were readily available through national lenders like Citicorp Mortgage in the 1980s. Now they are primarily available through alternative brokers. Southwestern Mortgage, Inc. advertises the...1991 December 22, “Alternative Financing Picks Up Popularity”, in Toledo Blade (Ohio)
    • The NINA loan is the basis for the apocryphal “NINJA” loan that is often used as an example of excesses in the boom-era mortgage market. NINJA supposedly stood for “no-income, no job, no assets,” but no such loan ever existed. Also, the NINA code, which did exist, did not signify a loan to a...2012 May, Christopher L. Foote, Kristopher S. Gerardi, Paul S. Willen, “Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis”, in Atlanta Fed Working...
  2. A mortgage loan to a borrower with no income or assets.

Forms of NINA loan

pluralNINA loans

Origin of NINA loan

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".

Questions about NINA loan

What does NINA loan mean?
NINA loan means a mortgage loan to a borrower with no verified or stated income or assets.
What part of speech is NINA loan?
NINA loan is a noun.
What is the plural of NINA loan?
The plural of NINA loan is NINA loans.

Words near NINA loan in the dictionary

  1. Nimzowitschian
  2. nin
  3. nina
  4. Nina from Carolina
  5. Nina from Pasadena
  6. NINA loan
  7. NINA loans
  8. Nina Ross
  9. Nina Rosses
  10. Ninan
  11. ninang

Source and license

Adapted from Wiktionary: NINA loan (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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