Etymology

NINA loan

Today it means: A mortgage loan to a borrower with no verified or stated income or assets. Full definition →

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The story

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".

Etymology from Wiktionary, CC BY-SA 4.0.