Summary: A loan product that was banned after the housing crisis is making a comeback, for investors. 360 Mortgage is offering a variation on the old NINJA loan, which stands for No-Income, No-Job, No-Assets. The new loan is simply called NINA for No-Income, No-Assets. It’s available as a more lenient option for investors to “purchase, refinance, or cash out of their properties.” www.NewsForInvestors.com
