What is No-Doc Mortgage? | LendingTree Glossary – No-doc mortgages are illegal today because they violate the requirement that lenders must verify the borrower’s ability to repay before approving a mortgage. No-doc loans were also called sisa loans (for Stated Income, Stated Assets) or NINA loans (for No Income, No Assets).
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Do No Doc Mortgages Still Exist? – The Mortgage Reports – Do No Doc Mortgages Still Exist?. The most infamous of the no doc loans was the NINJA loan, with No Income, No Job or Asset verification required.. is for borrowers who want to refinance but.
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