‘Liar loans’ threaten to prolong crisis (The Nashua Telegraph)
November 4th, 2008 | by DebtFree.net |In the mortgage industry, they are called “liar loans” — mortgages approved without requiring proof of the borrower’s income or assets. The worst of them earn the nickname “ninja loans,” short for “no income, no job, and (no) assets.” … – By ALAN ZIBEL The Associated Press
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