No-income, no-asset mortgages are back (at one lender, at least)

[Thomas J Timmerman]

Heads up. It's happening again.

360 Mortgage Group plans as much as $1 billion in “NINA” loans

It’s important to note that despite the loan carrying the “Agency” name, which would imply that one of the government-sponsored enterprises is backing the loan, neither Fannie Mae nor Freddie Mac is backing these loans.

Initially, the loan will be available for non-owner-occupied investment properties only.

https://www.housingwire.com/articles/48810-no-income-no-asset-mortgages-are-back-at-one-lender-at-least