Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Made without
documentation as to the borrower'sincome . - noun A
loan made withoutdocumentation as to the borrower'sincome .
Etymologies
Sorry, no etymologies found.
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Examples
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And so when newcomers like Ameriquest and New Century found a market appetite for no-doc loans with killer teaser rates, Countrywide did too.
Angelo Mozilo's Story Jr. Holman W. Jenkins 2011
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The no-doc loans originated by Goldman and the rest of wall street created the collapse. drhunt says:
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Everyone thought the rising prices would mitigate the imprudent loan processes and structures, the no-doc loans, the 97% loans or 120% home equity loans.
The 14th Banker: How Do We Judge the Homeowner? The 14th Banker 2010
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Everyone thought the rising prices would mitigate the imprudent loan processes and structures, the no-doc loans, the 97% loans or 120% home equity loans.
The 14th Banker: How Do We Judge the Homeowner? The 14th Banker 2010
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Everyone thought the rising prices would mitigate the imprudent loan processes and structures, the no-doc loans, the 97% loans or 120% home equity loans.
The 14th Banker: How Do We Judge the Homeowner? The 14th Banker 2010
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Everyone thought the rising prices would mitigate the imprudent loan processes and structures, the no-doc loans, the 97% loans or 120% home equity loans.
The 14th Banker: How Do We Judge the Homeowner? The 14th Banker 2010
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After all, the Canadian banks didn't make all the foolish sub-prime no-doc loans that were made in the US, the Canadian unemployment rate is somewhat less than in the US, and Canada is rich with natural resources with worldwide demand.
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We are witnessing the piecemeal exposure of a vast criminal conspiracy, consisting of "affordable housing" policies at Fannie Mae and Freddie Mac, low-doc and no-doc "liar loans" by dumb and greedy mortgage bankers, and time bombs set by deliberately manipulative securitization of these loans and sale of "protection" by smart and greedy folks like GS and AIG.
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Everyone thought the rising prices would mitigate the imprudent loan processes and structures, the no-doc loans, the 97% loans or 120% home equity loans.
The 14th Banker: How Do We Judge the Homeowner? The 14th Banker 2010
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Everyone thought the rising prices would mitigate the imprudent loan processes and structures, the no-doc loans, the 97% loans or 120% home equity loans.
The 14th Banker: How Do We Judge the Homeowner? The 14th Banker 2010
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