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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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No Documentation

A documentation type description used to indicate that the borrower's income and assets are not disclosed on the loan application or in the file documentation. The difference between No Income / No Asset (NINA) and No Documentation is an investor distinction. A loan with No Documentation represents the highest credit risk from an investor perspective. Price adjustments and more restrictive Loan To Value (LTV) ratios are associated with loans that have a "No Documentation" documentation type.

See Documentation Type
See Mortgage Loan Documentation Type Overview
See No Income / No Asset (NINA) Documentation

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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.