Does ninja mortgages still exist

Answer 1

Ninja mortgages, which stands for "No Income, No Job, and No Assets" mortgages, were popular during the housing bubble but largely disappeared after the 2008 financial crisis due to stricter lending regulations. While some lenders may still offer low-documentation loans, they are not the same as the original ninja mortgages and typically require some level of verification. Today, most mortgage products require borrowers to provide proof of income and assets to mitigate risk for lenders.