why did banks offer ninja loans 
prior to the financial crisis banks became greedy in profiting from writing home loans ninja loans were originally designed for borrowers who had difficulty producing the necessary paperwork to verify their income and assets such as prior tax returns because they derived their income from untraditional sources where such documentation is unavailable e g tips or a personal business lenders often extended these loans to borrowers based purely on their credit scores without any further documentation of the individual s ability to make payments 