NINA loan

Etymology
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".

Noun

 * 1)  A mortgage loan to a borrower with no verified or stated income or assets.
 * 2) A mortgage loan to a borrower with no income or assets.
 * 1) A mortgage loan to a borrower with no income or assets.
 * 1) A mortgage loan to a borrower with no income or assets.