NINJA = No Income No Job no Assets

Why were people without money, jobs or assets able to apply for and get approved for a mortgage?

NINJA Loans are responsible for the housing market crash and following economic collapse in 2008.

Many laws were put into place to protect this from happening again. However, some companies have found loopholes. Are we going to be seeing another economic collapse in our near future?

Listen and find out what it all means.

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