LendingRisk.com Mortage Industry Dictionary
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.
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No Income / No Asset (NINA) 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. Qualifying ratios are not calculated as a part of the loan qualification. A loan with NINA Documentation represents one the highest credit risks from an investor perspective. Price adjustments and more restrictive Loan To Value (LTV) ratios are associated with loans that have a NINA documentation type.
See Documentation Type
See Mortgage Loan Documentation Type Overview
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.
