Are NINJA Loans Jeopardizing The Housing Market Again?

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

If you remember back to the housing bubble, we saw the growth of "NINJA" loans, as they were a segment of the home sales explosion. 
NINJA is an acronym for "No Income, No Job, and no Assets," which meant that lenders were making loans to people who were not required to prove that they could repay the loans.

Crash Due To NINJA Loans (AGAIN)?

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917

Comments (5)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Joe - oh yes, how well we remember.  Yes I really love the name.

Sep 27, 2022 08:31 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

NINJA loans.  I remember the early 2000s, when they were prevalent.  And, then they were packaged on the secondary market with good loans, making those packages toxic.  I hope we never go back to those days.  

Sep 27, 2022 05:20 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Joe, on having this blog FEATURED in the Old Farts Club group!  

Sep 27, 2022 05:21 PM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thanks Grant, I think it's the best-named mortgage ever!

Sep 28, 2022 03:48 AM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

I'm pretty sure those "traunch" loans have been ended for good Myrl (and thanks for the feature in the OFC)!

Sep 28, 2022 03:49 AM