The company has no prepackaged arrangement to restructure the business or income from running the refinery. of the initial million bankruptcy loan pes secured at the start of the process.
Stated income loans were originated by Ameriquest. No Income / No Asset (NINA) mortgages might be used by borrowers who do not want to, or cannot provide, financial information. NINA loans usually fall into the Alt-A classification of loans.. viewed as a fixed-income asset and loan interest is the return on investment.
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ASSETS AND DEPOSITS Attach a separate sheet if necessary.. OTHER INCOME Alimony, child support, or separate maintenance income need not be revealed.. COUNTER OFFER WILL BE MADE. IF ACCEPTED, LOAN APPROVED. NO.
However, there is a type of loan that doesn’t require any of this paperwork – the no-income-no-asset loan, or NINA. Popular before the financial crisis, this type of loan largely disappeared for the past decade as mortgage rules tightened. But for the first time since the housing bubble burst, NINA loans are now making a comeback.
No income, no asset (NINA) is a term used in the united states mortgage industry to describe one of many documentation types which lenders may allow when underwriting a mortgage. A loan issued under such circumstances may be referred to as a NINA loan or NINJA loan.
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One of the casualties of the mortgage meltdown of the last decade was that most no income verification loans no. and other assets and will want to be sure.
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The no documentation mortgage is one of the easiest ways to purchase a home or to refinance and take cash out. Also known as a no documentation loan or no doc mortgage, the program does not require income, asset, or employment verification — in other words, no W-2s, tax returns, pay slips, bank statements, etc. A real no doc loan requires that.