On any mortgage application, including a NINJA loan, the borrower must state his or her income, place of employment, and assets. With an ordinary loan, the borrower provides documents the allow the bank to verify these statements that ... Publisher - EconLog Creator - Arnold Kling Date - Fri, 04 Jun 2010 09:24:11 GMT

Payday Loan America - GM and Financial Regulatory Reform – A Sham ...

Turns out, in 2009, he deided to keep it, they never sold it, they just did a “spin-off”. So maybe with the new Fannie Mae NINJA Cosumer Loans, the poor will be able to buy a GM car and a GE appliance, wont that be “wonderful”! ... Publisher - Payday Loan America Creator - admin Date - Sun, 05 Sep 2010 08:08:35 GMT

Even Wild Government Spending Can't Stop Deflation Now

We came up with things like "teaser rates," and "liar's loans," and "ninja loans," and that's just in housing. To accommodate all this new borrowing, the shadow banking system sprang up, satisfying our thirst for more credit, more debt. ... Publisher - Business Insider Creator - Keith Springer Date - Fri, 03 Sep 2010 20:46:02 GMT

Clarification - We screwed up! Doesn't the liar loan thing scream ...

The whole point of liar loans / Ninja loans was to provide applicants (and by applicants we mean mortgage brokers who filled out applications) with the opportunity to pay for the privilege of making sure nobody checked out their story. Publisher - Wall Street Law Blog Creator - Brett Sherman Date - Sat, 21 Aug 2010 21:24:00 GMT

100 to Blame: Ralph Nader, Ninja Loans, and More | VF Daily ...

A term for subprime mortgages with the strict qualifying requirements of “no income, no job, and no assets,” “ninja loans” was apparently first used in ads by HCL Finance of San Jose, California. (Call now! 877-901-2828! ... Publisher - VF Daily Creator - unknown Date - Wed, 23 Sep 2009 16:00:00 GMT

Home Loan Refinancing | How To Get The Best FHA Home Loan Rate

All of us would like to save money on FHA home loan rate payments, on the other hand not many of us recognize how to go about it. Following a few simple tips on. Publisher - Public88 : Mortgage Creator - admin Date - Sat, 04 Sep 2010 16:36:48 GMT

China's Perplexing Property Boom

How many NINJA loans do you think were bundled and sold as CDS in China? Frog_in_a_pot: Well even if there is a correction it cant be. http://www.huffingtonpost.com/social/Frog_in_a_pot/chinas-perplexing-propert_n_704044_59287459.html ... Publisher - The Huffington Post | Full News Feed Creator - The Huffington Post News Editors Date - Thu, 02 Sep 2010 21:30:53 GMT

Hispanics Represent Half of All Foreclosures in Calif. – 2006-09 ...

There are videos of Bush and McCain trying to warn that selling ninja loans and ballooning loans was a bad mistake. But Barney Frank and Waters said oh no there is nothing wrong with Freddie Mac and Frannie Mae. ... Publisher - The Americano Creator - Editor Date - Thu, 26 Aug 2010 12:05:06 GMT

Word Spy - ninja loan

However, since then the Federal Reserve Bank has raised rates 17 times in a row. Defaults on Ninja loans have become common and some sub-prime lenders, such as New Century Financial, have been driven to bankruptcy as a result. ... Publisher - Word Spy Creator - unknown Date - Sat, 08 Sep 2007 14:15:14 GMT

Guest Post: Peak Denial About Peak Oil | zero hedge

It was wage arbitrage, cheap disposable products, credit cards, NINJA loans, ZIRP, Treasury bonds that only allowed it to continue long enough to build a basic world governance and communication structure through "evil WTO freetrade ... Publisher - zero hedge - on a long enough timeline, the survival rate for everyone drops to zero Creator - Tyler Durden Date - Fri, 03 Sep 2010 15:34:16 GMT