NINJA stands for “No Income, – Piggington's Econo-Almanac

April 2, 2007 at 9:59 PM #49001

Participant

NINJA stands for “No Income, No Job or Assets”. It’s mortage biz talk. And yes, they really give those loans out, or at least they used to when the bubble was in full swing. AKA “liar loans” or “toxic waste”