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Provident implosion exposes low-doc risks – Provident Capital provided home-loan products but specialised in writing subprime "low-doc" and "no-doc"loans to people with impaired credit histories. The group made those loans via a broad network.
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NINJA Loan Definition – Investopedia – A NINJA loan is a slang term for a loan extended to a borrower, with little or no attempt by the lender to verify the applicant’s ability to repay.
‘Liar loans’: Mortgage woes beyond subprime – Inside Mortgage Finance’s Cecala said he believes underwriting of the loans had grown too loose by the end of last year, and that even some subprime borrowers were getting so-called low-doc or no-doc.
No Documentation Mortgage (No Doc) – The no documentation mortgage (No Doc) were among the culprits of the financial collapse in 2008 which led to the Great Recession. However, mortgage loans are still available which do not require tax.
No Documentation Private Mortgage Loans – Interest rate – No Verification/No Documentation Loans If you wish to make sure your home purchase is kept private, you might want to consider obtaining a no verification or no documentation loan. These types of loans help you to keep your financial information to yourself without having to share it all with your lending institution.
Mortgage industry of the United States – Wikipedia – The mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and encourage home ownership.These programs include the Government National Mortgage Association (known as Ginnie Mae), the Federal National Mortgage Association (known as Fannie Mae) and the.
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