The nation's struggling housing market, already awash in subprime foreclosures, is now getting hit with a second wave of losses as homeowners with liar ...The worst of them earn the nickname .ninja loans,. short for .no income, no job, and (no) assets.. . mortgages approved without requiring proof of the borrower's income or assets. In the mortgage industry, they are called .liar loans. There is a wide variety of lending institutions that offer home mortgage loans, including savings and associations, commercial banks, mutual savings banks, and mortgage companies. The lesson therefore is never limit yourself to just one option when you can have several.
