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NINA love

NINA

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun finance A NINA loan.

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

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".

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Examples

  • If the companies get the federal loan guarantees, NINA, which is 88%-owned by NRG and 12%-owned by Toshiba, has agreed to pay CPS $80 million and donate $10 million over four years to its residential customer assistance program.

    NRG, Texas Utility End Project Dispute Cassandra Sweet 2010

  • Project NINA, which is a plug-in hybrid car that Fisker plans to build in the United

    DailyTech Main News Feed Tiffany Kaiser 2010

  • In return, NINA, which is owned by NRG Energy and Toshiba Inc., is free to openly court new investors and gets full management control of the project, which has garnered national attention as one of a handful that could restart the nuclear industry in the United States.

    chron.com Chronicle 2010

  • Another problem was so-called NINA - no income, no assets - loans.

    VDARE.com: Blog Articles 2009

  • Another problem was so-called NINA - no income, no assets - loans.

    The Two Malcontents 2009

  • They're called NINA or No Ratio loans, because there is no income stated or verified, and no loan to value ratios (100\% financing is impossible to find for NINA loans, and I always did think it was a little over the top) and the rates are higher than full documentation or stated income.

    pfblogs.org: The Ad-Free Personal Finance Blogs Aggregator 2008

  • They're called NINA or No Ratio loans, because there is no income stated or verified, and no loan to value ratios (100\% financing is impossible to find for NINA loans, and I always did think it was a little over the top) and the rates are higher than full documentation or stated income.

    pfblogs.org: The Ad-Free Personal Finance Blogs Aggregator 2008

  • Disappointed backers of one brainy candidate for the top Pentagon job, Paul Wolfowitz, grumbled about "NINA" (No Intellectuals Need Apply).

    Familiar Waters 2007

  • We have a wide variety of refinance loans, ranging from A+ to bad credit loans, 100\% loans, stated income, and no documentation "NINA" loans.

    xml's Blinklist.com 2008

  • The past is prologue: the mortgage mess arose in large part because banks and funds from out of state or overseas were willing to back up mortgages in which no one even tried to verify if the borrowers were reliable ( "NINA" loans --- No Income, No Assets).

    Through the Looking Glass 2008

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