what are other terms for ninja loans 
ninja loans no income no job no assets are a category of low no documentation low no doc loan also known as liar loans the bottom linepopular in the early to mid 2000s ninja loans which required no proof of employment income or assets were partly responsible for the housing bubble and subsequent collapse coinciding with the 2007 2008 financial crisis and the ensuing great recession since that time new regulations have largely stamped out this practice 