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Mortgage Fraud...

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Mortgage Fraud...
cynmkolohe Offline
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Posts: 79
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Joined: Dec 2007
#3
06-21-2008, 11:41 AM
NINA = No Income No Asset
NINJA = No Income, No Job, No Asset

These are what are sometimes called "liar loans" or "no doc" loans (not truly "no" doc).

There are valid reasons for some buyers to qualify for and use these loan programs, but also great potential for abuse, as the current situation is revealing.

Cynthia

Cynthia Hoskins, R(S)
Cell: 808 443-6564

Clark Realty Corporation
99 Aupuni St Hilo, HI
Office: 808 961-6015
Cynthia Hoskins, R(S)
Clark Realty Corporation
www.clarkhawaii.com
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Messages In This Thread
Mortgage Fraud... - by Jared I - 06-21-2008, 07:47 AM
RE: Mortgage Fraud... - by lizr - 06-21-2008, 11:06 AM
RE: Mortgage Fraud... - by cynmkolohe - 06-21-2008, 11:41 AM
RE: Mortgage Fraud... - by cynmkolohe - 06-21-2008, 11:50 AM
RE: Mortgage Fraud... - by missydog1 - 06-22-2008, 11:12 AM
RE: Mortgage Fraud... - by Jared I - 06-22-2008, 02:51 PM
RE: Mortgage Fraud... - by Beachboy - 06-23-2008, 02:52 AM
RE: Mortgage Fraud... - by Beachboy - 06-23-2008, 03:04 AM
RE: Mortgage Fraud... - by missydog1 - 06-23-2008, 05:56 AM

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